APA_Corporation acquires Savant Alaska, LLC

APA Corporation announced an agreement to acquire Savant Alaska, LLC for approximately $70 million in upfront consideration, plus contingent payments tied to future development. This acquisition includes the Badami facilities with a production capacity of about 40,000 barrels of oil per day and the Nutaaq Pipeline, which has a capacity of about 80,000 barrels of oil per day and provides access to the Trans-Alaska Pipeline System. The transaction also adds approximately 104,000 gross acres and about 1,500 barrels of oil per day of production through interests in the Badami and Grey Owl units. The acquired infrastructure is expected to support APA Corporation's 2026 to 2027 exploration and appraisal activities and enhance future development flexibility on United States — Alaska's eastern North Slope. Following the acquisition, APA Corporation's position on United States — Alaska's eastern North Slope will total approximately 487,000 gross acres. The deal is expected to close by year-end 2026, subject to regulatory approval and customary closing conditions. APA Corporation has also assumed operatorship of the existing joint venture with Lagniappe Alaska, LLC and Oil Search — Oil Search (Alaska), and plans a two-well drilling program.