WPX Finalizes Sale of NEPA Marcellus Leases/Wells to Southwestern

WPX Energy announced yesterday they have completed the sale and transfer of some 46,700 acres of leases and 63 operational Marcellus Shale wells in northeastern Pennsylvania to Southwestern Energy. MDN first told you about the $300 million deal in early December (for details and a map, see: First Shoe Drops: WPX Sells 1/2 Marcellus Assets to Southwestern). As we said at the time, that was the first shoe. We’re still waiting for the other shoe. WPX owns acreage and/or wells in Centre, Clearfield and Westmoreland counties, in southwestern PA. According to WPX spokesperson Susan Oliver-Stough, the company is actively shopping those assets too. When sold, WPX’s presence in northeast shale drilling will be done…

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