Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/wpx-energy-ssells-piceance-subsidiary-for-910-mill.shtmlWPX Energy Ssells Piceance subsidiary for $910 million
WPX Energy has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter.
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WPX Energy has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter.
“those additional reserves that are less certain to be recovered than proved reserves but which, together with proved reserves, are as likely as not to be recovered.”
