WPX Energy Company News

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Devon and WPX Merge
Friday, January 08, 2021Devon Energy and WPX Energy have completed their all-stock merger.

Permian Drilling Rights Price Falls Nearly 70%
Thursday, November 12, 2020The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.

Filing Shows WPX Walked Away from 43% Takeover Premium
Friday, November 06, 2020When Devon Energy agreed to acquire WPX Energy in September, it was the latest US shale merger to be done with little or no takeover premium.

Is a Healthier Oil Market on the Horizon?
Friday, October 23, 2020Here is a look back at oil and gas market hits and misses for the week ending Oct. 23, 2020.

Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.

ConocoPhillips to Acquire Permian Operator in $9.7B Deal
Monday, October 19, 2020ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock.

Devon to Become Bigger Permian Player
Monday, September 28, 2020Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal.

Banks Backing Away from US Shale
Thursday, July 23, 2020One of the key sources of funding for American shale is evaporating, just as the the sector needs it more than ever.

Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.

Northern Oil and Gas Buys Williston Basin Acreage
Friday, June 12, 2020The assets are expected to produce 1,200 barrels of oil equivalent per day.

WPX Expands Permian Footprint with Felix Energy Acquisition
Monday, March 09, 2020WPX now produces more than 150,000 BOPD from its operations in the Delaware and Williston basins.

Oil Producers Want New Hearing on Impact of Magellan Proposal
Wednesday, January 17, 2018Oil and gas producers WPX Energy and Chevron have asked a U.S. regulator for a new hearing on the broad industry impact of Magellan Midstream Partners' request to launch a marketing arm.

WPX Expands Into Permian With $2.75 Billion RKI Deal
Tuesday, July 14, 2015WPX Energy Inc., the oil and gas explorer spun off from Williams Cos., agrees to buy closely held RKI Exploration & Production LLC for $2.35 billion.

In Bet On Oil Prices, WPX Plans To Add Bakken Rigs
Thursday, June 25, 2015WPX Energy, a small oil producer in the No. 2 US crude state, says it will add two rigs this year.