12:46 PM EDT, 08/19/2024 (MT Newswires) -- (Updates with Apache's response.)

APA (APA) is looking into the sale of oil and gas drilling properties across the Permian basin in Texas and New Mexico for about $1 billion, Reuters reported Monday, citing people familiar with the matter.

An APA spokesperson told MT Newswires that the company actively manages its portfolio and remains committed to oil & gas sector, but refrained from commenting on the deal.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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