Houston Business News - Local Houston News | Houston Business Journal: Company backed by Houston-based PE firm to be acquired for $2.5B
Oklahoma-based WPX Energy (NYSE: WPX) has inked a $2.5 billion deal to buy Felix Energy, a Denver-based exploration and production company backed by Houston-based EnCap Investments LP.
WPX plans to pay $900 million in cash and issue about 153 million …
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