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WPX acquires privately-held Permian player Felix Energy for US$2.5 billion

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18 December 2019

WPX acquires privately-held Permian player Felix Energy for US$2.5 billion

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
    • Felix Energy
    • WPX Energy
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    WPX acquires privately-held Permian player Felix Energy for US$2.5 billion

    PDF 759.08 KB

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