WPX Energy Inc.

WPX Energy (NYSE: WPX) announced today that it has agreed to sell a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. (NYSE: ARES). The parties expect to close the transaction in approximately 60 days. The sale is part of WPX’s delevering plan targeting $400-$500 million in divestitures by the end of 2015. WPX [...]

WPX Energy (NYSE: WPX) is scheduled to present at Barclays Capital CEO Energy-Power Conference on Wednesday, Sept. 9, at approximately 4:25 p.m. Eastern. Please visit www.wpxenergy.com on the day of the event to confirm the speaking time, to listen to the webcast and to view the company’s presentation slides. WPX’s presentation will be delivered by Clay Gaspar, senior vice president of operations and resource [...]

WPX Energy (NYSE: WPX) announced today that it has successfully closed the purchase of privately held RKI Exploration & Production, LLC. With the merger complete, WPX now has a substantial presence in the core of the Permian’s Delaware Basin that includes: Approximately 22,000 boe/d of existing production – more than half of which is oil; Approximately 92,000 net acres – approximately 98 percent of [...]

WPX Energy’s (NYSE: WPX) second-quarter 2015 results reflect 38 percent growth in oil volumes vs. a year ago as the company successfully executes on the transition of its historically gas-weighted portfolio to more oil production and more oil inventory. Total liquids production hit a new high for the company, averaging 52,400 barrels per day in the second quarter. Oil and natural gas liquids (NGL) volumes accounted [...]

WPX Energy (NYSE:WPX) announced today that it has closed its previously announced concurrent public offerings of 30,000,000 shares of its common stock at a public offering price of $10.10 per share, 7,000,000 shares of 6.25 percent series A mandatory convertible preferred stock with a purchase price and liquidation preference of $50 per share and $500 million aggregate principal amount of 7.50 percent senior unsecured [...]

WPX Energy (NYSE: WPX) plans to discuss its second-quarter 2015 financial and operations results during a webcast on Thursday morning, Aug. 6, beginning at 10 a.m. Eastern. Participants are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A replay of the webcast will be available on WPX’s website for one year following the event. Chief Executive Officer Rick Muncrief, Senior Vice [...]

WPX Energy (NYSE:WPX) announced today that it has priced its previously announced offering of $500 million aggregate principal amount of 7.50% senior unsecured notes due 2020 and $500 million aggregate principal amount of 8.25% senior unsecured notes due 2023. The notes were sold to the public at par. The offering is expected to close on July 22, 2015, subject to customary closing conditions. The net proceeds from the [...]

WPX Energy (NYSE:WPX) announced today that it has priced its previously announced concurrent public offerings of 30,000,000 shares of its common stock at a public offering price of $10.10 per share and 7,000,000 shares of 6.25 percent series A mandatory convertible preferred stock with a purchase price and liquidation preference of $50 per share. In addition, WPX Energy has granted the underwriters options to purchase [...]

Enterprise Values of Presenting Companies Range From $9 Million to $160 Billion DENVER, CO--(Marketwired - Jul 14, 2015) -  EnerCom, Inc. will host The Oil & Gas Conference® 20, August 16-20, 2015, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver. Investment and oil and gas professionals interested in attending the event can register [...]

WPX Energy (NYSE:WPX) announced today that it has commenced concurrent public offerings of $1.2 billion aggregate principal amount of senior unsecured notes, 27,000,000 shares of its common stock and $300 million aggregate liquidation preference of its series A mandatory convertible preferred stock. These offerings are separate public offerings made by means of separate prospectus supplements under WPX Energy’s [...]