APA Plans Permian Basin Assets Sale at $1 Billion to Cut Debt

APA Corporation (APA) , a Houston-based oil and gas exploration and production company, is reportedly considering the sale of significant drilling properties in the Permian Basin, valued at approximately $1 billion. This move is part of APA's broader strategy to streamline operations and reduce its substantial$6-$7 billion debt. The company intends to focus on its core shale operations and the divestiture of its non-core assets.The Importance of the Permian Basin in APA's PortfolioGeographical and Operatio ...