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WPX Energy to receive $294 million for international interests


Published Oct 6, 2014
WPX Energy, Inc.

WPX Energy expects to receive approximately $294 million for its international interests subject to the successful consummation of the definitive merger agreement entered into between privately held Pluspetrol Resources Corporation and Apco Oil and Gas International.

WPX's international interests include a 69 percent controlling equity interest in Apco Oil and Gas International and additional non-material assets in wholly-owned Northwest Argentina and a 5 percent interest in Apco Argentina.

Together, these non-operated, international holdings comprised 4 percent of WPX's second-quarter 2014 total production volumes and 3 percent of the company's 2013 year-end proved reserves.

Tags: WPX Energy




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