Operators of these assets include Apache, Chevron, ConocoPhillips, Devon, Diamondback and Occidental. The divestment comes as the company continues to streamline its portfolio and follows the sale of $256 million of noncore assets in the Permian Basin last year. A second transaction, which cleared on March 11, saw the completion of the sale of 4 million shares in Texan midstream operator Kinetik, generating net proceeds of $224m to APA. Kinetik was crated via the combination of Altus Midstream and BCP Raptor Holdco, completed in late February. Within the next two years, Apache's US unit intends to invest a minimum of $100 million for new well drilling and completion activity at the Alpine High play in the Delaware Basin, where Kinetik has exclusive gas and NGL gathering and processing rights.