WPX Energy Inc. - 2016-06-06
Description
Priced a public offering of 49.5 million common shares, the proceeds from which will support general corporate purposes including drilling and completions, bolt-on acreage acquisitions and midstream infrastructure in the Delaware Basin. Underwriters will receive a month-long option to purchase about 7.42 million additional shares. Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Barclays and Citigroup are joint book-running managers.