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Stock Market & Financial Investment News

News Breaks
March 18, 2014
17:01 EDTWPXWPX Energy Announces appoints Kevin Vann as interim CFO
WPX Energy announced that Senior Vice President and CFO Rod Sailor will resign from the company effective March 31 to accept a position at another company. The Board of Directors appointed J. Kevin Vann, who serves as the company's Vice President, Controller and Chief Accounting Officer, to be interim Senior Vice President and CFO. Vann will also replace Sailor as director for Apco Oil and Gas International.
News For 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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