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WPX Energy Inc. is acquiring 26,000 additional acres of oil play in the San Juan Basin while also selling all of its remaining mature coal bed methane holdings in the Powder River Basin, the Tulsa-based oil and gas producer announced Monday afternoon.

WPX reported that the separate transactions are part of a focus on margin improvements. WPX is selling the Powder River holdings for $155 million in cash while increasing its San Juan oil position.

“We’re moving quickly to build scale and create additional shareholder value,” WPX CEO Rick Muncrief said in a statement. “These transactions largely offset and demonstrate our commitment to deploy capital where we can generate the highest returns.”

The company’s release did not mention the buyer on the Powder River Basin deal nor the sellers or dollar figures for the multiple deals in the San Juan’s Gallup oil play. The Powder River positions are in the Wyoming while the San Juan Gallup oil play is in New Mexico.

WPX estimated that it now has 74,600 net acres and close to 426 gross drillable locations for oil in the latter area. The Tulsa firm will add a third rig and possibly a fourth next year in the San Juan region.