One-Page Deal Sheet
Southwestern Acquires Marcellus Shale Assets from WPX
Southwestern Energy Co. WPX Energy, Inc.
Announced Date
December 02,2014
Close Date
February 02,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
288
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Susquehanna
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Closing Announcement - February 2, 2015
WPX Energy has completed the sale of its operations in northeast Pennsylvania, including the release of certain firm transportation capacity, to Southwestern Energy Company.
WPX has received nearly $600 million in cash this year through completing two sales – this one involving Marcellus Shale operations and the exit of its international interests in Argentina and Colombia. WPX also is released from approximately $25 million per year in annual transport obligations.
Rick Muncrief, WPX president and chief executive officer, commented: "We have a long-term…
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