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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:34 EDTWPX, APAGFApco Oil & Gas Chairman of the Board James Bender announced retirement
On July 31, James Bender, Chairman of the Board of Directors of Apco (APAGF), advised the company of his decision to retire, effective as of August 5. On August 5, the board appointed Richard Muncrief to serve as the Company’s Chairman, effective immediately. Muncrief, age 55, is the President and Chief Executive Officer of WPX Energy (WPX), the company’s majority shareholder.
News For APAGF;WPX From The Last 14 Days
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November 20, 2015
09:44 EDTWPXAres EIF Group completes $185M Van Hook Gathering System acquisition
Ares Management (ARES) announced that a fund managed by its Ares EIF group has completed its acquisition of the Van Hook Gathering System in North Dakota from WPX Energy (WPX) in a transaction valued at $185M. The transaction was originally announced on August 31, 2015. The acquisition consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas, and 5,000 barrels of water per day from WPX Energy's Bakken shale oil assets. WPX Energy will continue to operate the Van Hook Gathering System, and MCP Operating, LLC, a subsidiary of MCP Asset Development Group, will provide asset management services for the investment.

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