Apa Corporation To Acquire Callon Petroleum Company In All-Stock Transaction
Acquiring Company
APA Corporation
Acquired Company
Callon Petroleum
HoustonHoustonEnergyOil And GasEnergyOil And GasDescription
APA Corporation (“APA” or the “Company”) (NASDAQ: APA) and Callon Petroleum Company (“Callon”) (NYSE: CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Under the terms of the transaction, each share of Callon common stock will be exchanged for a fixed ratio of 1.0425 shares of APA common stock. The transaction is expected to be accretive to all key financial metrics and add to APA’s inventory of high quality, short-cycle opportunities. Callon’s assets provide additional scale to APA’s operations across the Permian Basin, most notably in the Delaware Basin, where Callon has nearly 120,000 acres. On a pro forma basis, total company production exceeds 500,000 BOE per day and enterprise value increases to more than $21 billion.*
Quick answer
APA Corporation is acquiring Callon Petroleum, announced January 4, 2024. APA Corporation is based in Houston, Texas, United States.
- How much did APA Corporation pay for Callon Petroleum?
- The deal value was not disclosed.
- What does APA Corporation do?
- APA Corporation 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.
- Where are APA Corporation and Callon Petroleum based?
- APA Corporation is based in Houston, Texas, United States. Callon Petroleum is based in Houston, Texas, United States.
- Who are the decision-makers at APA Corporation?
- Fundz holds 1 contact at APA Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- DNOW Inc. Announces Agreement to Acquire Whitco Supply, LLC (February 6, 2024)
- CLEAResult Acquires Leading Government Energy Sustainability Consultancy Energetics (February 15, 2024)
- Bayswater Acquires New DJ Assets & Continues to Expand Colorado Footprint (February 12, 2024)
- Total Energy Services Inc. to Acquire Saxon Energy Services Australia Pty Ltd. (January 17, 2024)
- Kodiak Gas Services, Inc. To Acquire Csi Compressco Lp In An $854 Million All-Equity Transaction, $854M (December 19, 2023)
- Guess?, Inc. and WHP Global to Acquire rag & bone (February 16, 2024)
Who to call at APA Corporation, and when
When APA Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day APA Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at APA Corporation, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at APA Corporation. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment APA Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Callon Petroleum?
Callon Petroleum was acquired by APA Corporation, based in Houston. The deal was reported on January 4, 2024. APA Corporation 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 Corporation is publicly traded (APA) and operates in Energy.
When did APA Corporation acquire Callon Petroleum?
APA Corporation's acquisition of Callon Petroleum was reported on January 4, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Callon Petroleum do?
Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas. It is privately held, operating in Energy, and is based in Houston.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.