APA Corp. near $625M sale of acreage to Permian Resources, Bloomberg says

APA Corp. (APA) is nearing a deal to sell some of its assets in the Permian Basin toPermian Resources (PR) as it streamlines its portfolio, people familiar with the matter told Bloomberg. APA is working withBank of America (BAC)to sell oilfield acreage for as much as $625M in cash, according to the Bloomberg’s sources.