Midstream & Transport Monitor - February 12, 2016
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In the worst downturn in decades, WPX Energy Inc. (NYSE: WPX) keeps finding a way to make plays—a good sign for other E&Ps hoping to move assets. WPX said Feb. 9 that it would deal its Piceance assets to private equity backed Terra Energy Partners LLC for $910 million.In less than six months, the company has turned more than $4.2 billion worth of deals, starting with the $2.75 billion acquisition of RKI Exploration & Production LLC’s Permian holdings.