WPX Energy to Form MLP
WPX Energy, Inc. (NYSE: WPX) (“WPX Energy” or the “Company”) announced
today that it intends to form a master limited partnership, or “MLP,” in
the first half of 2014 and to offer to the public common units
representing limited partner units in the MLP, which will hold working
interests in mature, producing natural gas properties located in the
Piceance Basin in Colorado.
The MLP, to be called WPX Energy Partners, L.P., expects to file a
registration statement with the U.S. Securities and Exchange Commission
in early 2014 for an initial public offering of the common units. The
Company expects to initially contribute to the MLP mature, producing
natural gas properties located in the Piceance Basin of Colorado.