APA Corp. (APA) is nearing a deal to sell some of its assets in the Permian Basin toPermian Resources (PR) as it streamlines its portfolio, people familiar with the matter told Bloomberg. APA is working withBank of America (BAC)to sell oilfield acreage for as much as $625M in cash, according to the Bloomberg’s sources.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APA: