PE-backed Terra to buy WPX Energy Rocky Mountain for $910 mln
Houston-based oil and gas company Terra Energy Partners has agreed to acquire WPX Energy Rocky Mountain LLC from WPX Energy Inc for $910 million in cash. Included in this transaction are 200,000 net acres in the Piceance Basin of Colorado. Also, as a result of this deal, Terra's current backer Kayne has increased its equity commitment while new backer Warburg Pincus has made an investment. According to Terra, its total equity commitment is now $800 million.
9 February 2016•4 mins read
