Tulsa-based WPX Energy wrapped up its cash tender offer on Friday for purchases of its outstanding 5.250 percent Senior Notes due 2017. The offer ended Friday at 5 p.m. and indicated $93 million or nearly 31 percent of the outstanding Notes had been tendered and accepted.
The total purchase price offered for each $1,000 principal amount of Notes validly tendered and not validly withdrawn before the deadline was $1,015.00. The payment will be May 2.
WPX, which focuses its oil-drilling activities in the Permian’s Delaware Basin, the Williston Basin and the San Juan Basin said it has reshaped its holdings through more than $5 billion in transactions and posted double-digit oil volume growth in each of the past four years.