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Monday, April 2, 2012

WMB In Play -- WPX Energy In Play

Williams Cos prices public offering of 26 mln shares of its common stock at $30.59/share.  Businessweek link here.

WPX Energy signs agreement to sell Texas, Oklahoma properties for $306 mln to KKR Natural Resources : Co announced that it has signed an agreement to divest its holdings in Texas' Barnett Shale and the Arkoma Basin in Oklahoma for $306 million, subject to closing adjustments. The properties represent less than 5 percent of the company's year-end 2011 proved domestic reserves. The Barnett shale properties include current net production of approximately 67 million cubic feet per day. The parties expect to close the transaction during the second quarter, subject to standard closing conditions. New York Times link here

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