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WPX Energy signs JV to develop oil and gas assets in Permian basin

June 13 U.S. oil and gas producer WPX Energy Inc said on Tuesday it agreed to form a joint venture with privately held Howard Energy Partners to develop oil gathering and natural gas processing infrastructure in the Permian basin.

WPX said it would receive $300 million upfront in cash from Howard Energy. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

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