WPX Energy sells Powder River Basin assets (Scandinavian Oil-Gas Magazine)

WPX Energy sells Powder River Basin assets

Published Sep 3, 2015

WPX Energy has completed the divestiture of its remaining mature coalbed methane properties in Wyoming's Powder River Basin and scheduled a related sale of its membership interest in Fort Union Gas Gathering L.L.C. to close in November.

The buyer is Moriah Powder River L.L.C. The sales price for the assets is $80 million. Divesting the Powder River Basin operations further sharpens WPX's portfolio and supports the company's delevering plan following its acquisition of Permian Basin assets on Aug. 17.

Tags: WPX Energy

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