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APA to sell New Mexico Permian assets to Permian Resources for $608m

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APA to sell New Mexico Permian assets to Permian Resources for 8m


APA Corporation (APA) has agreed to sell its New Mexico Permian assets to Permian Resources Corporation for $608m, subject to customary closing adjustments.

The properties in question are forecasted to yield 12.4 million barrels of oil equivalent per day (boepd) for the full year 2025, with oil making up 46% of this production.

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The transaction is due for completion towards the end of the second quarter (Q2).

The company plans to primarily allocate the proceeds from the sale towards reducing its debt.

APA CEO John J. Christmann IV said: “We remain committed to focusing our portfolio on core assets where we are actively investing for the long-term. The New Mexico package represents less than 5% of our Permian oil production and unconventional acreage.”

In its recent quarterly report, APA disclosed a production figure of 469,000boepd. However, when adjusted to exclude Egypt’s non-controlling interest and tax barrels, the production stood at 398,000boepd.

APA has also secured natural gas basis swap agreements for approximately two-thirds of its firm transport capacity from the Permian to the Gulf Coast, covering Q2–Q4 2025.

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The company has updated its full-year 2025 guidance for income from third-party oil and gas marketing activities to $575m, factoring in these basis hedges.

APA has made strides in improving efficiencies and reducing activities, which will decrease its 2025 development capital by $150m. Additionally, a $25m cut in exploration capital is expected to safeguard free cash flow in the face of fluctuating commodity prices.

APA now anticipates total realised savings on controllable spend for 2025 to be $130m, significantly exceeding previous forecasts.

On a run-rate basis, the company has set a new target of $225m in savings by the end of the year, a substantial increase from the previously estimated range of $100m–125m.

The company reported a net income attributable to common stock of $347m, or $0.96 per diluted share. After adjustments for items affecting comparability of results, APA’s Q1 earnings were $385m, or $1.06 per diluted share.

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The net cash provided by operating activities amounted to $1.1bn, with an adjusted EBITDAX (earnings before interest, depreciation, amortisation and exploration) of $1.5bn.




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New Mexico

A look at results across Northern New Mexico

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A look at results across Northern New Mexico


Santa Fe County

Santa Fe mayor: City Councilor Michael Garcia has been declared the winner after the tabulation of the ranked choice votes. He led in the first round with 36% of voters, while Oscar Rodriguez trailed with 23%, Ron Trujillo with 14%, County Commissioner Justin Greene with 10%, JoAnne Vigil Coppler with 8%, Tarin Nix with 6%, Letitia Montoya with 3% and Jeanne O’Dean with 1%. The candidates were vying to succeed Mayor Alan Webber, who is not seeking reelection.

Santa Fe City Council District 1: Pat Feghali, who has been declared the winner after the tabulation of the second-round ranked choice votes, led with 40% in the first round, while Katherine Rivera and David Montoya trailed with 30% each. The candidates were vying to succeed Councilor Signe Lindell, who is not running for reelection.

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Los Alamos County

San Miguel County

Rio Arriba County

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Taos County



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New Mexico

New Mexico Lottery Powerball, Pick 3 Day results for Nov. 3, 2025

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The New Mexico Lottery offers multiple draw games for those aiming to win big. Here’s a look at Nov. 3, 2025, results for each game:

Powerball

03-32-40-43-57, Powerball: 18, Power Play: 2

Check Powerball payouts and previous drawings here.

Pick 3

Day: 5-0-1

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Evening: 4-2-7

Check Pick 3 payouts and previous drawings here.

Lotto America

07-11-19-25-50, Star Ball: 10, ASB: 03

Check Lotto America payouts and previous drawings here.

Pick 4

Evening: 1-2-6-1

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Day: 8-0-5-3

Check Pick 4 payouts and previous drawings here.

Roadrunner Cash

01-03-13-16-20

Check Roadrunner Cash payouts and previous drawings here.

Powerball Double Play

11-27-55-62-68, Powerball: 02

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Feeling lucky? Explore the latest lottery news & results

This results page was generated automatically using information from TinBu and a template written and reviewed by a Las Cruces Sun-News editor. You can send feedback using this form.



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New Mexico

Millions available through NM Preservation Loan Fund

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Millions available through NM Preservation Loan Fund


ALBUQUERQUE, N.M. (KRQE) – New funding is now available through Housing New Mexico’s loan fund. The New Mexico Preservation Loan Fund is a flexible funding source for multifamily properties at risk of exiting the affordable housing stock.

Housing New Mexico says people can request up to $2 million to bring a property up to date by things as physical upkeep, financing for prospective owners who seek to acquire affordable multifamily projects over time, and predevelopment funding for existing Low-Income Housing Tax Credit properties pursuing re-syndication.

Those eligible include but are not limited to non-profit organizations, for-profit organizations, governmental housing agencies, entities, and instrumentalities, regional housing authorities, tribal governments and housing agencies, builders, corporations, limited liability companies, partnerhsips, joint ventures, syndicates, and associations.

More information about the New Mexico Preservation Loan Fund is available on its website. Information on Housing New Mexico’s funding opportunities for developers is available on their website.

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