WPX Energy Inc. said Friday it has completed a $910 million sale of its assets in western Colorado’s Piceance Basin to Terra Energy Partners LLC, a private Houston-based company.
WPX (NYSE: WPX) based in Tulsa, Oklahoma, has been Colorado’s biggest natural gas producer.
The company said Friday that it has 207 employees in Parachute and that they will remain WPX employees through the end of the transition period that ends on June 30. The deal was announced in February.
WPX also will continue to provide some back office support for the Piceance Basin assets via its employees in Tulsa through the end of August.
Read more at the Denver Business Journal: http://bit.ly/1qcTE1w
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