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With USD 700-million Gallup sale WPX Energy exits San Juan basin category
April 3, 2018
Source: World Oil

With USD 700-million Gallup sale WPX Energy exits San Juan basin

An agreement has been closed by WPX Energy to sell its holdings in the San Juan basin’s Gallup oil to Enduring Resources IV, LLC for $700 million and this might reduce the net debt of WPX by 2019. The transaction marks the exit of WPX from operations in the San Juan basin, also reflecting its confidence in its two remaining core positions in the Permian and Williston basin.

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