WPX Energy Inc. (NYSE: WPX) said Feb. 4 it had executed on roughly $300 million worth of deal making as the company retools it Permian Basin portfolio amid plans to slow down operations in 2019.

WPX, an independent energy producer with core positions in the Permian and Williston basins, agreed to divest certain holdings in the Delaware Basin in separate transactions for aggregate proceeds in excess of $200 million. In conjunction, the company plans to reinvest $100 million of the sales proceeds to purchase surface acreage within its core Stateline operations in the Delaware.

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