WPX Energy has completed the sale of a North Dakota gathering system for $185 million to a private equity fund managed by the Ares EIF Group

摘要

The North Dakota asset consists of an oil, natural gas and water gathering system, which WPX will continue to operate. The system supports WPX's development in the Van Hook peninsula in the basin, but its sale will help its deleveraging plan targeting $400 million to $500 million in divestitures by the end of 2015. WPX has also completed an $80 million sale of its coalbed methane properties in Wyoming.