WPX Energy has executed multiple agreements to deepen the company's investment opportunities as it focuses on margin improvement.

The transactions, which are subject to normal closing conditions, will enable WPX to divest its mature coalbed methane holdings and bolster high-growth San Juan oil acreage by more than 50 percent.

'We're moving quickly to build scale and create additional shareholder value,' said Rick Muncrief, WPX president and chief executive officer. 'These transactions largely offset and demonstrate our commitment to deploy capital where we can generate the highest returns.'

Tags: WPX Energy