News & Announcements

Weil Advised WPX Energy in its $2.75 Billion Acquisition of RKI Exploration & Production

Weil advised WPX Energy, Inc., a publicly traded domestic energy producer with operations in the western United States, in its $2.75 billion merger agreement to acquire RKI Exploration & Production, LLC, an independent exploration and production company engaged in the acquisition, development and exploitation of oil and natural gas properties primarily in the Permian Basin in West Texas and Southeast New Mexico. This acquisition was a transformational transaction for WPX, as it expanded WPX into the Permian Basin and increased WPX’s drilling inventory in oil basins to approximately 4,600 locations.  The transaction closed August 17, 2015.

The Weil team that advised WPX Energy was led by M&A partners Glenn West and James Griffin and included Energy partner Rodney Moore; Banking & Finance partner Courtney Marcus; Public Company Advisory Group partners Howard Dicker and P.J. Himelfarb; now retired Tax partner Larry Horton; Executive Compensation & Benefits head Paul Wessel; Environmental head Annemargaret Connolly; Antitrust counsel Vadim Brusser; Capital Markets counsel Barbra Broudy; Environmental counsel Thomas Goslin; Real Estate attorney Leslie Smith; M&A associates Dilen Kumar and Jacqui Bogucki; Capital Markets associates Jake Schneider, Raphaella Ricciardi and Ashley Butler; Banking & Finance associates Daniel Ferguson and Brendan Conley; Tax associates Mark Dundon and Lauren McBride; and Executive Compensation & Benefits associate Verity Rees.