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PS - WPX Energy Highlights - December 18, 2019
WPX Energy struck a deal to acquire Delaware basin-focused Felix Energy for $2.5 billion, comprised of $900 million in cash and $1.6 billion in shares. WPX will gain 58,500 net acres in an overpresured, oily portion of the basin, with 1,500 gross operated locations, primarily with 2-mile laterals. The deal is expected to close in 2Q20, at which point production from the Felix assets is expected to be 60,000 boe/d (70%......
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