WPX Energy to Acquire Felix Energy for $2.5 Billion

Vinson & Elkins advised Felix Energy, one of the highest quality Delaware Basin operators, in the sale of Felix to WPX Energy for $2.5 billion. The purchase price consists of $900 million cash, subject to closing adjustments, and $1.6 billion in WPX stock issued to the seller.

The V&E corporate team was led by partners John B. Connally, Doug McWilliams and Matt Strock with assistance from partner Danielle Patterson, senior associates Crosby Scofield and Austin March and associates Michael Zarcaro, Cesar Leyva and Jameson Miller. Also advising were partners John Lynch and Lina Dimachkieh and associate Dan Henderson; partner Sean Becker; senior associate Kristy Fields; partner Larry Nettles and senior associate Matt Dobbins; and partner Brian Moss and senior associate James Longhofer.