One-Page Deal Sheet
WPX Sells San Juan Basin Gathering System for $309MM
I Squared Capital, ISQ Global Infrastructure Fund WPX Energy, Inc.
Announced Date
December 31,2015
Close Date
March 09,2016
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - March 9, 2016
WPX Energy has completed the previously announced sale of its San Juan Basin gathering system for consideration of approximately $309 million.
WPX received $285 million cash subject to closing adjustments and a commitment by the purchaser estimated at $24 million to expand the system to support WPX’s development in the basin’s Gallup oil play.
The company also expects to complete the previously announced sale of its Piceance Basin subsidiary for $910 million in the second quarter.
“These actions provide us with flexibility to manage our balance sheet…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-02-2014 |
-  |
- |
Click here | New Mexico | Midstream |