WPX Energy Inc.

Kaskela Law LLC announces that is investigating Devon Energy Corp. on behalf of the Company's shareholders. On September 28, 2020, Devon announced that it had entered into an agreement to combine with WPX Energy Inc. . In connection with the proposed business combination, Devon plans to issue approximately 290 million shares of common stock to WPX's shareholders, who are expected to own 43% of the combined company upon [...]

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WPX Energy plans to discuss its third-quarter 2020 financial and operations results during a webcast on Tuesday, Nov. 3, 2020, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. The slides for the [...]

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of WPX Energy Inc. in connection with the proposed acquisition of the Company by Devon Energy Corp. . Under the terms of the acquisition agreement, the Company's shareholders will receive 0.5165 shares of DVN for each share of WPX common stock that they own, representing implied per-share merger [...]

WPX Energy reported an unaudited second-quarter loss from continuing operations attributable to common shareholders of $414 million, or a loss of $0.74 per share on a diluted basis. The loss was driven by a $275 million net loss on derivatives primarily from non-cash forward mark-to-market changes in the company’s hedge book and lower overall commodity prices. As underlying forward commodity prices began to improve in the [...]

WPX Energy plans to discuss its second-quarter 2020 financial and operations results during a webcast on Thursday, July 30, 2020, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. The slides for [...]

WPX Energy announced today the final results of its previously announced cash tender offers to purchase up to $500 million aggregate purchase price of its outstanding 8.25 percent Senior Notes due 2023 , 6.000 percent Senior Notes due 2022 and 5.25 percent Senior Notes due 2024 and the related solicitations of consents from holders of 2023 Notes and 2022 Notes. WPX also announced that it is increasing the maximum amount [...]

WPX Energy announced today the early results of its previously announced cash tender offers to purchase up to $500 million aggregate purchase price of its outstanding 8.25 percent Senior Notes due 2023 , 6.000 percent Senior Notes due 2022 and 5.25 percent Senior Notes due 2024 and the related solicitations of consents from holders of 2023 Notes and 2022 Notes. In addition, WPX announced today that it has amended the [...]

WPX Energy announced today that it has priced its public offering of $500 million of its 5.875% Senior Notes due 2028. The notes were priced at 100% of par. The offering is expected to close on June 17, 2020, subject to customary closing conditions. The net proceeds from the offering will be approximately $493.75 million after deducting underwriting discounts and commissions and before estimated offering expenses payable [...]

WPX Energy announced today that it has commenced cash tender offers to purchase up to $500,000,000 aggregate purchase price of its outstanding 8.25 percent Senior Notes due 2023 , 6.000 percent Senior Notes due 2022 and 5.25 percent Senior Notes due 2024 . The Company will only accept for purchase its 2024 Notes having an aggregate purchase price ) of up to $50,000,000 . The Company is also soliciting from the holders of [...]