Quantcast
WPX Energy to buy Felix Energy in $2.5 billion deal - Metro US

WPX Energy to buy Felix Energy in $2.5 billion deal

Reuters

(Reuters) – U.S. oil and gas producer WPX Energy Inc said on Monday it would buy privately held Delaware Basin operator Felix Energy in a $2.5 billion deal.

The deal, which is expected to close early in the second quarter of 2020, consists of $900 million in cash and $1.6 billion in WPX stock.

(Reporting by Shanti S Nair in Bengaluru; Editing by Sriraj Kalluvila)

More from our Sister Sites