WPX Energy's West Texas Acreage Purchase Improves Its Production Prospects
ISSUER COMMENT CORPORATES JANUARY 16, 2017 WPX Energy’s West Texas Acreage Purchase Improves Its Production Prospects From Credit Outlook WPX Energy, Inc. (B2 stable) on Thursday said that it would spend $775 million, funded mostly with newly issued equity, to buy 18,100 net acres in the Delaware Basin, part of the prolific Permian Basin in west Texas. The deal with sellers Panther Energy (unrated
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