WPX Energy is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. The company was founded in 2011 and is based in Tulsa, Oklahoma.
Moody's Investors Service ("Moody's") said WPX Energy Inc.'s (WPX) ratings continue to be on review for upgrade following the announcement by Devon Energy Corporation (Devon, Ba1 stable) that it closed the merger with WPX on January 7th in an all stock deal. Devon has not taken an action or disclosed its specific plans with regards to WPX's senior notes outstanding following the merger ($3.3 billion as of September 30, 2020). Moody's expects to resolve its review of WPX's ratings once Devon's intentions are known.
OKLAHOMA CITY and TULSA, OK (STL.News) Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc . (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City, Oklahoma. Continue reading Devon Energy & WPX Energy Complete Merger of Equals Transaction at STL News.
Devon Energy and WPX Energy on Dec. 30 both announced that their shareholders approved the all-stock merger between the two companies. Shares of Devon rose 5.4% and WPX gained 6.1% at the close on Wednesday. The merger is expected to close on Jan. 7, 2021. At the special meeting held on Dec. 30, over 99% of the votes cast by Devon's and WPX's shareholders were in favour of the merger. “This is an important milestone as we move toward uniting our complementary assets to create a leading U.S.
OKLAHOMA CITY & TULSA, OK (STL.News) Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals between Devon and WPX. The merger is anticipated to close on […] The post Devon Energy and WPX Energy Merger of Equals appeared first on STL News .