WPX Energy Completes Acquisition of Permian Producer
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WPX Energy (WPX) Completes RKI Exploration & Production Acquisition; Updates on Hedging Activity
August 17, 2015 11:07 AM EDTWPX Energy (NYSE: WPX) 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 Permians 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 which is held by production;More than 3,600 gross risked drilling locations across stacked pay intervals; andMore than 375 miles of scalable gas... More