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WPX Chairman and Chief Executive Officer Rick Muncrief is presenting at Barclays CEO Energy-Power Conference on Tuesday, Sept.
WPX received net proceeds of about USD350m for its 25% equity interest after adjusting for debt financing related to Oryx II, and it expects to save approximately USD40m in planned equity investments for the balance of the year.
WPX received net proceeds of approximately $350 million for its 25 percent equity interest after adjusting for debt financing related to Oryx II.
Stonepeak Infrastructure Partners is buying Oryx Midstream from drillers Concho Resources and WPX Energy as well as private equity funds Quantum Energy Partners and Post Oak Energy Capital for $3.6 billion.
"You're going to hear a lot more from the Permian in the next few years," predicts Moncrief, who breaks it down--east-to-west Midland, East-Central, Delaware basins, the latter being where WPX has bought its biggest stake in the Permian.
Citadel, a global investment company, has agreed to acquire a range of natural gas pipeline transportation capacity through to 2032 in the Western United States from WPX Energy.
Due to its innovative patent-pending extruded housing design, the G&G LED WPX Series linear luminaire also offers a significantly different form factor than any other wet location or vapor tight product in the market.
Wells produce 20,000 to 30,000 barrels daily, or 1.2 million gallons that WPX treats.
"What we've seen lately is how the broader business community is coming together in the state to talk about keeping Colorado a great place to invest for all industries, not just energy," said Kelly Swan of WPX Energy.
Offered in two models are the Powrworkers pallet trucks: WPX 45 with 4,500 pounds capacity and WP 30 with 3,000 pounds capacity.
She's working toward a geology degree while holding down a job at WPX Energy, a company that is drilling atop a neighboring mesa called Flatiron.
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- WPW syndrome