M&A Deal Summary

APA Acquires Collins & Ware

On July 5, 2000, APA acquired oil/gas exploration company Collins & Ware from Newport Petroleum

Acquisition Highlights
  • This is APA’s 1st transaction in the Oil/Gas Exploration sector.
  • This is APA’s 1st transaction in the United States.
  • This is APA’s 1st transaction in Texas.

M&A Deal Summary

Date 2000-07-05
Target Collins & Ware
Sector Oil/Gas Exploration
Buyer(s) APA
Sellers(s) Newport Petroleum
Deal Type Divestiture

Target

Collins & Ware

Midland,, Texas, United States
Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

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Buyer(S) 1

Buyer

APA

Houston, Texas, United States

Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees2,271
Revenue 9.7B USD (2024)
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 1 of 7
Sector: Oil/Gas Exploration M&A 1 of 7
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 1 of 4
Country: United States M&A 1 of 7
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-18 Anadarko 28 Permian Basin Oil Fields

United States

Anadarko 28 Permian Basin Oil Fields are anticipated to produce approximately 12,000 barrels of oil equivalent per day (net) from approximately 3,950 wells within 143,000 net acres.

Buy $1.0B

Seller(S) 1

SELLER

Newport Petroleum

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Newport Petroleum Corporation explores for, develops, and produces oil and gas. The Company operates in British Columbia and Alberta, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Caroline Swan Hills Gas Unit

Canada

Caroline Swan Hills Gas Unit comprises a gas field and associated processing facilities.

Buy CA$165M