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CM - EnCap realizes investment in Felix Energy II with sale to WPX - March 2020
Felix Energy II, which became an EnCap Investments LP company in 2016 with a $500 million initial investment, was purchased by WPX Energy for $2.5 billion, consisting of about 153 million WPX common shares and $900 million cash. Felix II had also received an additional equity commitment from EIG Global Energy Partners in 2017. As a result, buyer WPX will now have an expanded asset base that produces over 150,000 bo/d from the Delaware......
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