WPX Energy Brings 2019 Asset Sales Over $500 Million
On April 2 WPX Energy announced that it will receive approximately $350 million in proceeds following the divestiture of the Oryx II pipeline (WPX holds a 25% equity interest). The transaction will not impact WPX's access to the pipeline, which gives it 100,000 barrels per day of firm crude oil capacity between the Delaware and Midland Basins. WPX invested $93 million in the Oryx II project during 2018, of which $23 million increased its equity stake by 12.5%. The sale of this asset will not imp...WPX Energy is an independent oil and natural gas exploration and production company engaged in the exploitation and development of long-life unconventional properties. The company is focused on exploiting, developing and growing its oil positions in the Delaware Basin (a subset of the Permian Basin) in Texas and New Mexico and the Williston Basin in North Dakota.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.