WPX Energy Provides Update on 2013 Results; Will Take up to $1.4B in Pre-Tax Charges
February 10, 2014 at 16:17 PM EST
WPX Energy (NYSE: WPX ) announced today that its 2013 fourth-quarter and full-year financial results will include the impact of up to $1.4 billion in pre-tax impairment charges. The non-cash charges are a result of a decline in forward market natural gas prices particularly in the Northeast, where Appalachia