The acquisition of privately-held RKI Exploration & Production, LLC provides WPX with Permian assets.
I was recently asked to partner on the analysis of four companies. Two were in the E&P industry. Although I could not recommend buying WPX at the time, I believe the Permian is the good place to be once oil prices recover.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International