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WPX Energy sells Powder River Basin assets


Published Sep 3, 2015
WPX Energy-2

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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