Current WPX Stock Info

WPX Energy (ticker: WPX) has closed the San Juan Basin oil play sale to Enduring Resources IV, LLC for $700 million. A significant portion of the proceeds are slated for debt reduction, WPX said, and the company now believes it can reduce its net debt/EBITDAX to a target level of 1.5x during 2019.

The transaction completes WPX’s exit from operations in the San Juan Basin. WPX said it has confidence in its two remaining core positions in the Delaware (Permian) and Williston basins.

“Our path forward is clear and compelling. It’s about cons...

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