One-Page Deal Sheet
WPX Energy Sells Remaining Powder River CBM Assets
Not Disclosed WPX Energy, Inc.
Announced Date
August 19,2014
Close Date
September 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
80
Asset/Basin:
{"Powder River Basin"}
TargetZones:
{"Coalbed Methane (P
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies - Powder River Basin
Country
United States
State
Wyoming
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Closing Announcement - September 2, 2015
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.
Yesterday, WPX also announced that it has signed an…
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