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Devon Energy and WPX Energy to Combine in Merger of Equals

Devon Energy and WPX Energy to Combine in Merger of Equals Background Decorative Image

Vinson & Elkins advised EnCap Investments L.P. (“EnCap”) in a transaction whereby Devon Energy and WPX Energy (“WPX”) have entered into an agreement to combine in an all-stock merger of equals. Funds managed by EnCap own approximately 27 percent of the outstanding shares of WPX.

The strategic combination will create a leading unconventional oil producer in the U.S.

The V&E team included partners Matt Strock and Doug McWilliams.

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