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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 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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