One-Page Deal Sheet
WPX Strikes Piceance JV Deal with G2X Energy
G2x Energy WPX Energy, Inc.
Announced Date
August 28,2014
Close Date
August 26,2014
Transaction Type
JV
Enterprise Value (EV)($MM)
40
Asset/Basin:
{"Piceance Basin"}
TargetZones:
{"Williams Fork",Ile
Transaction Details: Require Private Equity Subscription
WPX Energy has closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston-based G2X Energy.
The Trail Ridge development is part of WPX’s position in western Colorado’s Piceance Basin Highlands. WPX will remain as operator.
Rick Muncrief, WPX president and chief executive officer, commented: "We’re bringing value forward by accelerating the development of what has been a quiet part of our Piceance holdings. This is a creative way to generate returns that are among the best in our portfolio."
WPX received approximately $40 million cash for 49…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-10-2014 |
-  |
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Click here | Texas | E&P |
| Dec-08-2014 |
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| Nov-21-2014 |
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| Nov-21-2014 |
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| Nov-20-2014 |
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Click here | Louisiana | E&P |
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