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Cooperation: APA and Callon Petroleum Company reach a final agreement

05/01/2024
Source : ORISHAS FINANCE
Categories: Companies

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Callon Petroleum Company (an independent American oil and gas company based in Houston) signs an agreement with oil producer APA, selling its shares valued at around 4.5 billion dollars to him.

The terms of transactions between APA and Callon Petroleum Company state that common stock will be exchanged for a fixed ratio of 1.0425 common shares of APA. Callon's assets will strengthen APA's activities in the Permian Basin (in Texas), by increasing its area

by 50%.
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