WPX Energy plans $900 million of notes for Felix Energy purchase

By Sara Rosenberg

New York, Dec. 16 – WPX Energy plans to issue $900 million of senior notes to help fund its acquisition of Felix Energy, according to a news release.

The company also has obtained committed financing from Barclays in connection with the transaction and has full access to a $1.5 billion revolving credit facility.

Under the agreement, Felix Energy is being bought for $900 million cash, subject to closing adjustments, and $1.6 billion in WPX stock issued to the seller.

Closing is expected early in the second quarter of 2020.

WPX is a Tulsa, Okla.-based independent energy producer. Felix Energy is a Delaware Basin operator.

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