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 1st transaction in the Oil/Gas Exploration sector.
  • This is APA’s largest (disclosed) transaction.
  • This is APA’s 1st transaction in the United States.
  • This is APA’s 1st 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

APA owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom and that explore for oil and natural gas offshore Suriname. APA was founded in 1954 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal