One-Page Deal Sheet
WPX Energy Sells Bakken Gathering System for $185 Million
Ares Management Lp WPX Energy, Inc.
Announced Date
August 31,2015
Close Date
November 19,2015
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
Play
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 19, 2015
WPX Energy has completed the sale of a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P.
The sale is part of WPX's deleveraging plan targeting $400-$500 million in divestitures by the end of 2015. WPX also recently completed an $80 million sale of its coalbed methane properties in Wyoming.
WPX is working to reduce debt from a transformative acquisition in August that added decades of drilling inventory in the core of the Permian's Delaware Basin.
The…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Oct-26-2021 |
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Click here | North Dakota | Midstream |
| Mar-22-2021 |
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| Feb-19-2019 |
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| Nov-08-2018 |
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| Apr-30-2018 |
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