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A&D - WPX closes $2.5B Felix Energy buy, building Delaware scale - March 2020
WPX Energy completed its $2.5 billion cash-and-stock acquisition of Permian producer Felix Energy on March 6, a month ahead of schedule. The purchase was approved by 99.6% of WPX shareholders at a March 5 special meeting. The company added 58,500 net acres and 1,500 undeveloped locations in the eastern Delaware Basin with current net production of 60,000 boe/d (70% oil). Including these assets, WPX now produces more than 150,000 boe/d from its combined operations......
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