New Mexico

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

Published

6 months ago

May 8, 2025

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

The company plans to primarily allocate the proceeds from the sale towards reducing its debt. Credit: T. Schneider/Shutterstock.

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.

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.

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.

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

Trout continue to rule New Mexico waters – Carlsbad Current-Argus

Published

16 hours ago

November 2, 2025

Press Room

Trout continue to rule New Mexico waters – Carlsbad Current-Argus

Ray Padilla caught this catfish using carp and shad cut bait on Oct. 18, 2025 at Elephant Butte Lake. He had also caught a pair of blue catfish weighing 14 and 16 pounds earlier that morning at Caballo Lake.

Information and photos provided by the New Mexico Department of Game and Fish Anglers seeking the best conditions for trout this week should travel to…

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New Mexico

NM United wins opening round playoff match

Published

1 day ago

November 2, 2025

Press Room

NM United wins opening round playoff match

ALBUQUERQUE, N.M. (KRQE) – New Mexico United is advancing in the USL Championship playoffs. The black and yellow took down San Antonio 2-0 on Saturday night to clinch its spot in the conference semi-finals.

The postseason magic started in the magic minute. During the traditional celebration, United was on the attack. After a shot from United and a deflection from the San Antonio keeper, the ball fell to Mukwelle Akale who promptly scored with an empty net.

In the second half, United kept the pressure on. Val Noel broke free and gave the club a 2-0 lead in the 58th.

“I think that there were some things that we talked about throughout the week,” said head coach Dennis Sanchez. “Emotional control, fast start, you know knowing who San Antonio is, and the weight of the game, and what the game meant. I though the guys handled it well. We did what we needed to do, secure a shutout and more importantly secured another really strong team performance and win.”

United will now play the winner of Sacramento and Orange County next week.

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New Mexico

UNLV Rebels On SI Official Week 10 Predictions For New Mexico Lobos @ UNLV Rebels

Published

3 days ago

October 31, 2025

Press Room

UNLV Rebels On SI Official Week 10 Predictions For New Mexico Lobos @ UNLV Rebels

The UNLV Rebels kick off Week 10 tomorrow at home in Allegiant Stadium against the New Mexico Lobos. We covered a lot of predictions this week, but now it’s time for our official UNLV Rebels On SI Week 10 predictions. This is a showdown between two Mountain West teams having great seasons in what should be a great game.

The Rebels are coming off another bye week after losing for the first time this season against the Boise State Broncos. Heading into Week 10, they are sitting at 6 – 1 for the season and 2 – 1 in the Mountain West. This will be a get-right game for UNLV, but New Mexico is also a good measuring stick. After getting blown out by the Broncos, the Rebels may need to prove to themselves that they can compete with the top teams in the conference.

The Lobos are in the midst of a two-game winning streak. Their record now sits at 5 – 3. They are right behind UNLV in the Mountain West standings at 2 – 2. New Mexico hasn’t done anything spectacular, but they have been well-balanced, consistent, and disciplined on both sides of the ball. A team like this is a good test for the Rebels.

The offense has been absolutely dynamic. Quarterback Anthony Colandrea has been outstanding not only with his arm but also on the ground with his legs. This season, he has thrown for 1,618 yards, 12 touchdowns, and four touchdowns, while also rushing for 410 yards and four more TDs. Heading into Week 10, he’s the favorite to be named the Mountain West Conference Offensive Player of the Year this season.

Jai’Den Thomas leads the way on the ground for the Rebs. He’s coming off a down game in which he rushed for just 38 yards on 3.5 yards per carry. However, he leads the team with 615 yards and seven TDs on 7.4 yards per carry this season. Jet has also caught 18 passes for 104 yards and a TD in the passing attack. The star runner will look to have a bounce-back game this week.

The Lobos are solid on both sides of the ball. While they aren’t amazing on one side of the ball like the Rebels on offense, they also haven’t shown a major deficiency on another side of the ball like the Rebels on defense. Their offense is led by quarterback Jack Layne, running back Damon Bankston, and tight end Dorian Williams. This trio will be a good test for the Rebels’ defense, which has been working to get better during their bye week.

UNLV Rebels Win 38 – 28

More UNLV Rebels On SI News

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