(World Oil) – APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope.
The transaction includes approximately $70 million in upfront consideration, plus contingent payments tied to future development activities. APA said the acquisition is expected to improve development flexibility, accelerate project timelines and reduce future development costs across its Alaska portfolio.
Among the assets included are the Badami production facility, which has a nameplate capacity of approximately 40,000 bopd, and the Nutaaq Pipeline, an 80,000-bopd system that connects the area to the Trans-Alaska Pipeline System (TAPS).
“The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently,” said APA CEO John Christmann IV. “As we continue to appraise and de-risk our resource base, ownership of this infrastructure provides greater flexibility and optionality in future development planning.”
The acquisition also adds approximately 104,000 gross acres to APA’s Alaska position and includes interests in the Badami and Grey Owl units. The Badami unit currently produces approximately 1,500 bopd and contains additional undeveloped resource potential.
Following the transaction, APA’s eastern North Slope position will total approximately 487,000 gross acres.
APA has assumed operatorship of the existing joint venture with Lagniappe Alaska, an Armstrong company, and Oil Search (Alaska), a subsidiary of Santos. The company plans to drill two wells during the 2026-2027 winter season, including one exploration well targeting a new play and one appraisal well designed to further evaluate the Sockeye complex.
The appraisal program will help define the scale of the discovery and assess opportunities to utilize existing Badami infrastructure in future development scenarios.
APA said several acquired infrastructure assets, including accommodations, logistics facilities and field support systems, are expected to support operations beginning with the upcoming winter drilling season.
The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
