APA Corporation to Acquire Callon Petroleum in an All-Stock $4.5 Billion Deal
January 4, 2024
APA Corporation entered into a definitive agreement to acquire Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. The deal is expected to be accretive to key financial metrics and expand APA’s Permian Basin footprint by combining Callon’s Delaware-focused assets with APA’s Midland assets.
- Buyers
- APA Corporation
- Targets
- Callon Petroleum Company
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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