WPX Energy Inc. priced a public offering of 49.5 million common shares for total gross proceeds of about $485 million, which will support general corporate purposes including drilling and completions, bolt-on acreage acquisitions and midstream infrastructure in the Delaware Basin, the company said June 6.
Underwriters will receive a month-long option to purchase about 7.42 million additional shares.
The offering is scheduled to close on June 9.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Barclays and Citigroup are joint book-running managers.
WPX Energy Inc. is based in Tulsa, Okla.
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