Alva Review-Courier -

Oklahoma-based WPX Energy sells northwest New Mexico assets


February 28, 2018

FARMINGTON, N.M. (AP) — An Oklahoma independent oil and gas company has moved out of northwest New Mexico to concentrate on operations in the Permian Basin and North Dakota.

The Tulsa, Oklahoma-based WPX Energy Inc. recently announced the sale of the last of its Four Corners assets for $700 million, the Daily Times of Farmington reports .

WPX sold some 150 oil wells on about 100,000 acres in Gallup to an undisclosed party in a transaction that is expected to close by the end of March, WPX spokesman Kelly Swan said.

Swan said WPX has been shifting its focus and funneling its resources to i...

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