Current WPX Stock Info

Follow WPX's lead: develop, sell pipeline infrastructure in Texas
A subsidiary of WPX Energy (stock ticker: WPX) and its joint venture partner in the Oryx II pipeline have completed the sale of a pipeline project.

WPX received net proceeds of approximately $350 million for its 25% equity interest in Oryx II after adjusting for debt financing related to Oryx II. In addition, WPX expects to save approximately $40 million in planned equity investments for the balance of the year due to the sale.

WPX said it is retaining its contractual rights as a shipper on Oryx.

WPX plans to deploy proceeds from the transaction to pay off its revolver balance, the company said.
Second midstream monetization for WPX in 2019
The Oryx II transaction...


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