July 14, 2015 / 10:19 AM / 2 years ago

WPX Energy to enter Permian Basin with $2.35 bln deal

July 14 (Reuters) - Oil and gas producer WPX Energy Inc said it will acquire privately held RKI Exploration & Production LLC for $2.35 billion, the latest instance of producers joining forces amid weak oil prices.

WPX Energy, which will also assume $400 million of debt, said the deal will give it access to the liquids-rich Permian Basin in Texas and New Mexico.

Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Sriraj Kalluvila

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