APA Corporation acquires Savant Alaska for $70 million plus contingents
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APA Corporation Advances Alaska Position with Strategic Acquisition
June 10, 2026 7:00 AM EDTKey Takeaways
Entered into an agreement to acquire Savant Alaska, LLC for upfront consideration, plus contingent payments tied to future development of APAs Alaska position; Acquisition includes the 40,000 barrel-per-day Badami facility plus supporting field infrastructure, and the 80,000 barrel-per-day Nutaaq Pipeline providing access to the Trans-Alaska Pipeline System;Acquired infrastructure is expected to support 2026-2027 exploration and appraisal activities, while enhancing future development flexibility; andTransaction adds approximately 104,000 gross acres and approximately 1,500 barrels of oil per day of production through interests in the Badami and Grey... More