JOURNAL ARTICLE

APA Reaches Deal to Sell New Mexico Assets to Permian Resources.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Carnevali, David; Wethe, David 3 of 3

Abstract

APA Corp. has reached a deal to sell its assets in the New Mexico portion of the Permian Basin to Permian Resources Corp. for $608 million. The transaction is part of APA's efforts to streamline its portfolio and reduce debt. The assets being sold are located in New Mexico's Lea and Eddy counties, which are key areas for growth in the Permian Basin. Despite President Trump's push for increased drilling, US shale companies are cutting back on activity due to lower oil prices. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2025
  • Accession Number:184994526
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