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 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/d and enterprise value increases to more than US$21 billion.
Jack Roscoe
Editorial Assistant
Jack graduated from the University of Nottingham in 2021 with a BA in Classical Civilisations and gained an MA in history from Nottingham in 2022.
In his spare time, he enjoys playing and watching football. He also enjoys trying his hand at new sports such as owling, paddleball and korfball.
