WPX Energy Completes Gallup Sale for $700 Million
WPX ENERGY (WPX)
Last wpx energy earnings: 2/26 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
wpxenergy.com/investors.aspx
Company Research
Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)-- WPX Energy (NYSE: WPX) has closed an agreement to sell its holdings in the San Juan Basin’s Gallup oil play to Enduring Resources IV, LLC for $700 million prior to closing adjustments. A significant portion of the proceeds are slated for debt reduction. WPX 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, signaling the company’s confidence in its two remaining core positions in the Delaware (Permian) and Williston basins. “Our path forward is clear and compelling. It’s about consistent execution, sticking with our multi-year plan and continuing to create value by looking ahead,” said Rick Muncrief, WPX chairman and CEO. WPX’s production is now approximately 80 percent liquids (oil and NGL) and 20 percent natural gas. Five years ago, it w
Show less
Read more
Impact Snapshot
Event Time:
WPX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WPX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WPX alerts
High impacting WPX ENERGY news events
Weekly update
A roundup of the hottest topics