Houston-based APA Corp. said recently it expects to close on or about April 1 on its recent $4.5 billion acquisition of Callon Petroleum. APA and Callon scheduled shareholder meetings March 27. “We look forward to integrating the Callon assets and providing more information about the Permian Basin outlook from the combined assets,” John J. Christmann IV, CEO, said Feb. 26. “We are confident that we will deliver considerable future value for both companies’ shareholders.”
Callon’s assets provide additional scale to APA and subsidiary Apache across the Permian Basin, most notably in Delaware Basin, where Callon has about 120,000 acres primarily in Reeves, Ward and Winkler counties.