M&A Deal Summary

APA Acquires Callon Petroleum

On January 4, 2024, APA acquired oil/gas exploration company Callon Petroleum for 4.5B USD

Acquisition Highlights
  • This is APA’s 7th transaction in the Oil/Gas Exploration sector.
  • This is APA’s largest (disclosed) transaction.
  • This is APA’s 7th transaction in the United States.
  • This is APA’s 4th transaction in Texas.

M&A Deal Summary
Date 2024-01-04
Target Callon Petroleum
Sector Oil/Gas Exploration
Buyer(s) APA
Deal Type Add-on Acquisition
Deal Value 4.5B USD
Advisor(s) Morgan Stanley
RBC Capital Markets (Financial)
Kirkland & Ellis (Legal)

Target

Callon Petroleum

Houston, Texas, United States
Callon Petroleum is an independent energy company focused on the acquisition, development, exploration, and operation of oil and gas properties in the Permian Basin in West Texas. Callon Petroleum was incorporated in 1950 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

APA

Houston, Texas, United States
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees2,271
Revenue 8.3B USD (2023)
DESCRIPTION
Entrance to Apache Corporation's headquarters in Houston, Texas.
Entrance to Apache Corporation's headquarters in Houston, Texas.

APA is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apa was incorporated in 1954 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 7 of 7
Type (Add-on Acquisition) 3 of 3
State (Texas) 4 of 4
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Apache Corp - Gathering And Processing Assets

United States

Apache Corp - Gathering And Processing Assets includes approximately 114 miles of low and high pressure natural gas gathering pipelines ranging in size from 2-inches to 12-inches in diameter and a cryogenic processing plant.

Sell -
Mergr

Product

Company

Legal