WPX Energy

WPX Energy signed an agreement to sell a package of Marcellus Shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for more than USD 200 million in cash. The sale includes various long-term natural gas purchase and sales agreements, along with 135 MMBtu/D of firm transportation capacity on Transco’s Northeast Supply Link project. Upon completing the transaction, WPX will be released from various agreements and approximately USD 390 million in future demand payment obligations.