Close the sale of mineral rights in the Delaware Basin
Delivered after the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 22 Feb 2022
- Due
- 28 Feb 2022
- Delivered
- March 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“$805 million mineral rights sales package in the Delaware Basin to close by the end of February”
What we found
Evidence strength A What the grades mean
The company announced the sale would close by the end of February 2022, but SEC filings confirm the transaction was completed in March 2022.
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A APA Corporation 8-K filed 2022-05-05
“gains on the closing of the Altus Midstream business combination in February and the sale of the Delaware Basin minerals package in March” ✓ confirmed on the page
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A APA Corporation 10-Q filed 2022-05-05
“In March 2022, the Company completed the previously announced transaction to sell certain non-core mineral rights in the Delaware Basin for total cash proceeds of approximately $759 million” ✓ confirmed on the page
Market reaction: the shares moved -9.8% against the S&P 500 over the three sessions around the disclosure (4 May 2022 to 9 May 2022). What this measures
Checked 13 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- mineral rights sale
- Where
- Delaware Basin
- In the company’s control
- High
- Specificity
- High
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2022-APA-008706 · Corrections policy