APA Corporation (NASDAQ: APA) is a Houston-based independent energy company and the parent of Apache Corporation, formed in 2021 through a holding company reorganization. The company explores for and produces crude oil, natural gas, and natural gas liquids, with core operations in the United States (notably the Permian Basin) and Egypt, and exploration interests offshore Suriname.
APA’s production of natural gas and NGLs—such as ethane, propane, and butane—provides key feedstocks for petrochemical and plastics manufacturing. The company’s drilling activity, reserves, and hydrocarbon marketing influence the availability and pricing of these inputs, affecting downstream chemical producers and related supply chains.
Enters OFF-5 as operator with 50% interest alongside MIWEN; OFF-5 in first exploration period with studies under way; agreed 40% interest in adjacent OFF-6.
Stakes acquired in three offshore Uruguay blocks: 18% in OFF‑4 (APA operator 50%), 30% in OFF‑2 (Shell 70% op), 30% in OFF‑7 (Shell 40%, Chevron 30%). Areas 11,155–18,227 km², depths 40–4,000 m.
