Simpson Thacher Advises on Financing for WPX’s $2.5 Billion Acquisition of Felix Energy
12.16.19
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Simpson Thacher is representing the financing sources in connection with the committed financing for WPX Energy, Inc.’s proposed acquisition of privately held Felix Energy for $900 million in cash and $1.6 billion in WPX stock issued to the seller.
WPX is an independent energy producer with core positions in the Permian and Williston basins. The company also has an infrastructure portfolio in the Permian Basin.
The Simpson Thacher team includes Matthew Einbinder, Zach Banks and Daniel Lewis (Banking and Credit – Houston); Brian Rosenzweig, Brian Mathes and Rick Titcomb (Capital Markets – Houston); Kenneth Wallach and Hui Lin (Capital Markets – New York); Brad Honeycutt (M&A); and Dmitry Zelik (Tax).