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APA Corporation Acquires Savant Alaska in $70 Million Deal

Sultan Khalid Mon, June 15, 2026 at 10:08 PM EDT 3 min read **

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APA Corporation (NASDAQ:APA) is included among the 1****4 Best S&P 500 Stocks to Buy Now According to Analysts**.

APA Corporation Acquires Savant Alaska in $70 Million Deal APA Corporation (NASDAQ:APA) is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

APA Corporation (NASDAQ:APA) announced on June 10 that it had agreed to acquire Savant Alaska for an initial payment of $70 million, plus additional contingent payments tied to future development of APA’s eastern North Slope position.

The transaction adds approximately 104,000 gross acres and around 1,500 bpd of oil production through interests in the Badami and Grey Owl units. Moreover, the deal also includes the 40,000 bpd Badami facility along with extensive supporting infrastructure, and the 80,000 bpd Nutaaq Pipeline that connects to the Trans-Alaska Pipeline System.

Following the acquisition, APA’s position on Alaska’s eastern North Slope will expand to around 487,000 gross acres. The transaction is expected to close by the end of 2026, subject to regulatory approval and other closing conditions.

John J. Christmann IV, CEO of APA Corporation (NASDAQ:APA), commented:

**“The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently. As we continue to appraise and de-risk our resource base, ownership of this infrastructure provides greater flexibility and optionality in future development planning and represents a key step toward unlocking the potential of our position in Alaska.”

On a separate note, APA Corporation (NASDAQ:APA) remains popular among institutional investors and was held by 49 hedge funds at the end of Q1, as per the Insider Monkey _database. Ariel Investments**, an investment management company, stated the following regarding APA in its Q1 2026 investor letter:

**“Oil and gas producer APA Corporation (NASDAQ:APA) was the top contributor during the quarter, benefiting from higher oil prices and the company’s strong exposure to upstream operations, which tend to perform well when commodity prices improve. Longer term, we believe APA is well positioned to sustain production and generate cash. The company has a large inventory of drilling opportunities in the Permian Basin and a good track record of replacing production. Additionally, growing natural gas exposure in Egypt and APA’s liquefied natural gas–linked marketing portfolio are beneficial. Together, we believe these assets support ongoing free cash flow, which can be returned to shareholders and drive value over time.”

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