WPX Energy is acquiring around 18,100 net acres of additional acreage in West Texas that will give the US independent hundreds more drilling locations in the Delaware sub-basin of the Permian.
Oklahoma-based WPX will pay about $775 million in the deal with Panther Energy II and Carrier Energy Partners. It includes 6500 barrels of oil equivalent per day of existing production — 55% oil — from 23 wells, and two drilled but uncompleted horizontals.
The
