August 2019, Vol. 246, No. 8

Companies in the News

WPX Energy

A subsidiary of WPX Energy and its joint venture partner in the Oryx II pipeline have signed agreements to sell the project. Upon close, WPX expects net proceeds of approximately $350 million for its 25% equity interest after adjusting for debt financing related to Oryx II. WPX is retaining its contractual rights as a shipper on Oryx and plans to deploy proceeds from the transaction to its balance sheet. P&GJ

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