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WPX Energy

WPX Energy has agreed to divest its coalbed methane assets in the Powder River basin for USD 155 million in cash. The assets’ mid-year reserves are 222 Bcfe and second-quarter production was 154 MMcf/D, including operated and nonoperated working interests in approximately 5,000 wells. WPX has not drilled in the basin since 2011.


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