WPX Energy’s $900 Million Senior Notes Offering


Weil, Gotshal & Manges acted as counsel to WPX Energy, Inc. Simpson Thacher represented the underwriters in the offering.

WPX Energy, Inc. completed a $900 million registered offering of its 4.500% Senior Notes due 2030.

WPX intends to use the net proceeds from the offering to finance a portion of the cash consideration for the acquisition of Felix Investment Holdings II, LLC and to pay related fees and expenses.

Barclays Capital Inc., Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, TD Securities (USA) LLC, Wells Fargo Securities, LLC, Scotia Capital (USA) Inc., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., ABN AMRO Securities (USA) LLC, BOK Financial Securities, Inc., Capital One Securities, Inc., CIBC World Markets Corp., ING Financial Markets LLC, and PNC Capital Markets LLC were the underwriters involved in the offering.

WPX is an independent energy producer with core positions in the Permian and Williston basins. WPX also has an infrastructure portfolio in the Permian Basin.

Felix is engaged in the acquisition, development and production of oil and gas properties in the Permian Basin.

The Simpson Thacher team included Kenneth Wallach (Picture) and Hui Lin (Capital Markets – New York); Brian Rosenzweig, Brian Mathes and Rick Titcomb (Capital Markets – Houston); Jonathan Cantor, Dmitry Zelik and Eli Shalam (Tax); Jennie Getsin and Andrew Pagliughi (FINRA); Monisha Bhayana (ECEB); and Tim Mulvihill (Environmental).

Involved fees earner: Monisha Bhayana – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Hui Lin – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Fredrick Titcomb – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: ABN AMRO; Bank of America Securities; Barclays Capital ; BBVA Securities Inc.; BOK Financial Securities Inc.; Capital One; CIBC World Markets Corp.; Citigroup Global Markets Ltd; Credit Agricole Securities (USA) Inc.; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; ING Financial Markets LLC; J.P. Morgan Securities LLC; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; RBC Capital Markets; Scotia Capital Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;