Deal Insight
WPX acquires privately-held Permian player Felix Energy for US$2.5 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 16 December 2019, WPX announced plans to acquire Felix Energy in a deal worth US$2.5 billion. The deal will consist of US$900 million in cash and US$1.6 billion in WPX shares and the company will issue senior notes to fund the cash portion of the consideration. With debt and equity raises ahead, the deal is still heavily dependent on investor approval. But the market responded favourably on the day of the announcement with shares up 10%. Felix Energy is a Denver-based, private E&P ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- Felix Energy
- WPX Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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