Apa corporation to acquire callon petroleum company in all-stock transaction

Complements and enhances apa's asset base in the permian basin; expected to be accretive to key financial metrics; adds to apa's high-quality, short-cycle development inventory and increases oil mix; and strengthens apa's position as a leading, diversified independent e&p with pro forma production of more than 500,000 barrels of oil equivalent (boe) per day and pro forma enterprise value in excess of $21 billion.* houston , jan. 4, 2024 /prnewswire/ -- apa corporation ("apa" or the "company") (nasdaq: apa) and callon petroleum company ("callon") (nyse: cpe) have entered into a definitive agreement under which apa will acquire callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of callon's net debt.
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