Oklahoma-based WPX Energy sells northwest New Mexico assets
Share
Tweet
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...
For access to this article please
sign in or
subscribe.
Reader Comments(0)