Scandoil  

WPX Energy executes multiple agreements to deepen investment opportunities


Published Aug 20, 2014
WPX Energy, Inc.

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




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml