Inactive Instrument

WPX Energy, Inc.

Equities

WPX

US98212B1035

Oil & Gas Exploration and Production

Kaskela Law LLC : Announces Shareholder Investigation of Devon Energy Corp. (DVN) Following Merger Agreement

November 09, 2020 at 09:38 pm EST

PHILADELPHIA, Nov. 9, 2020 /PRNewswire/ -- Kaskela Law LLC announces that is investigating Devon Energy Corp. ("Devon" or the "Company") (NYSE: DVN) 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. ("WPX"). 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 completion of the transaction.

The investigation seeks to determine whether Devon's executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, and whether the transaction as structured is fair to Devon's shareholders.

Devon shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or online at http://kaskelalaw.com/case/devon-energy-corp/, for additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
skaskela@kaskelalaw.com
www.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

View original content:http://www.prnewswire.com/news-releases/kaskela-law-llc-announces-shareholder-investigation-of-devon-energy-corp-dvn-following-merger-agreement-301169228.html

SOURCE Kaskela Law LLC

Latest news about WPX Energy, Inc.

Devon Energy Corporation Completes Private Offers to Exchange Any and All of its Approximately $2.0 Billion Aggregate Principal Amount of Outstanding Notes	21-06-09	CI
WPX Energy Announces Early Redemption of $700 Million of Senior Notes	21-03-11	CI
Continental Resources sees higher 2021 output as oil recovery heats up	21-02-16	RE
WPX Energy, Inc.(NYSE:WPX) dropped from S&P Global BMI Index	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P TMI Index	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P 400 Oil, Gas & Consumable Fuels	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P 1000	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P 400 Oil & Gas Exploration & Production (Sub Ind)	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P 400 Energy	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P Composite 1500	21-01-07	CI
WPX Energy, Inc.(NYSE:WPX) dropped from S&P 400	21-01-07	CI
Devon Energy Corporation completed the acquisition of WPX Energy, Inc. from EnCap Investments L.P., BlackRock, Inc., The Vanguard Group, Inc., Felix Energy Holdings II, LLC and others in a merger of equals transaction.	21-01-06	CI
WPX Energy, Inc.'s Equity Buyback announced on August 5, 2019, has expired.	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 1000 Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 3000 Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 1000 Value Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 2500 Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell Midcap Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell Small Cap Completeness Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell Small Cap Comp Value Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 2500 Value Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 3000 Value Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell Midcap Value Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 3000E Index	21-01-06	CI
WPX Energy, Inc.(NYSE:WPX) dropped from Russell 3000E Value Index	21-01-06	CI

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Company Profile

WPX Energy, Inc. is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. It is focused on exploiting, developing and growing its oil positions in the Delaware Basin (a subset of the Permian Basin) in Texas and New Mexico and the Williston Basin in North Dakota. As of December 31, 2019, it operated 688 wells in the Delaware Basin and owned interests in 787 wells operated by others. As of December 31, 2019, it held approximately 122,000 acres in the Delaware Basin, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. Its activity in the Delaware Basin is focused on the Wolfcamp Shale formation, the Bone Spring interval and the Delaware sand interval.

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