All articles tagged with #apa
The American Psychiatric Association responded to the White House's autism-related announcement, emphasizing the importance of evidence-based support, clarifying that vaccines do not cause autism, and highlighting the need for further research and access to care for individuals on the autism spectrum.
Amidst rising Middle East tensions and oil supply concerns, Houston-based oil producer APA is acquiring Permian Basin producer Callon Petroleum for $4.5 billion, shifting its focus towards U.S. assets. This move is reflective of the oil industry's trend towards more secure, domestic energy sources. APA's acquisition will increase its U.S. production from 53% to approximately 67%, while reducing its overseas production. The deal, which includes the retirement and replacement of Callon's debt, highlights APA's strategic response to geopolitical uncertainties and the potential for supply disruptions in the oil market.
APA Corporation is set to acquire Callon Petroleum Company in a $4.5 billion all-stock deal, which includes Callon's net debt. This acquisition will bolster APA's presence in the Permian Basin, particularly in the Delaware Basin, and is part of a broader trend of consolidation in the U.S. oil industry. The combined company will have a production capacity exceeding 500,000 boe per day and an enterprise value of over $21 billion. The deal is expected to close in the second quarter of 2024, pending shareholder and regulatory approvals.
APA Corp. has agreed to acquire Callon Petroleum Co., a Permian Basin shale oil driller, for $2.6 billion in an all-stock transaction, with the total enterprise value of the deal being $4.5 billion including debt. This move is part of a broader trend of consolidation in the US oil industry, with APA looking to bolster its near-term cash flow and scale up its operations in the Permian Basin. The acquisition is expected to close in the second quarter, and APA plans to maintain drilling operations post-acquisition, contrary to the industry trend of reducing rigs.
APA's Head of Music, Bruce Solar, is among a few music agents who are leaving the agency as part of a transition in the touring department. APA has recently added 21 agents, including senior agents from ICM, CAA, and UTA, and promoted six in February. The departures come as the writers strike nears its 50th day, and APA and Verve have implemented temporary salary reductions for top agents and executives.
APA has laid off a number of assistants, primarily in the lit department, due to the ongoing writers strike. Junior agents have been asked to share assistants. This comes after Verve, another talent agency, laid off most of its assistants last month. APA and Verve are also the two known agencies that have implemented temporary salary reductions for top agents and executives. The pandemic and strike-related layoffs are expected to cause a shortage of experienced Hollywood assistants when the strike is over.