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Devon Energy and WPX Energy to Combine in Merger of Equals

Deals & Cases
September 28, 2020
Devon Energy and WPX Energy to Combine in Merger of Equals Background Decorative Image
Deals & Cases
September 28, 2020

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.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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