WPX Energy to buy Felix Energy in $2.5 billion deal

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(Reuters) – U.S. oil and gas producer WPX Energy Inc (N:) said on Monday it would buy privately held Delaware Basin operator Felix Energy in a $2.5 billion deal.

The deal, which is expected to close early in the second quarter of 2020, consists of $900 million in cash and $1.6 billion in WPX stock.

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