APA and its subsidiary Apache Corp. are plucking Callon Petroleum off the board for $4.5 billion in stock as a historic wave of Permian consolidation enters a new year.
APA Corp. agreed to acquire Permian Basin shale explorer Callon Petroleum Co. for $2.6 billion, the latest in a wave of deals reshaping the US oil landscape.
APA Corp. (APA), an oil and natural gas company, Thursday announced that it has entered into a definitive agreement to acquire Callon Petroleum Co. (CPE) in an all-stock transaction valued at around $4.