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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Jan. 16, 7:41 PM

Slide #3. WPX Energy Secondary Offering

Company: WPX Energy (NYSE:WPX)
Date announced: 1/12/2017
Shares Offered: 45,000,000
Date of Pricing: 1/12/2017
Price Per Share: $13.35
Secondary Offering Details: WPX Energy (NYSE:WPX) announced today that it has commenced an underwritten public offering of 42,000,000 shares of its common stock. Pursuant to the offering, WPX intends to grant the underwriter a 30-day option to purchase up to an additional 6,300,000 shares of WPX's common stock. -updated 1/13- WPX Energy (NYSE:WPX) announced today that it has priced a public offering of 45,000,000 shares of its common stock for total gross proceeds (before estimated expenses) of approximately $600.8 million. Pursuant to the offering, WPX has granted the underwriters a 30-day option to purchase up to an additional 6,675,000 shares of WPX's common stock. The offering was upsized from the previously announced offering of 42,000,000 shares of common stock with an option to purchase up to an additional 6,300,000 shares.

WPX Energy is an independent oil and natural gas exploration and production company engaged in the exploitation and development of properties. Co. is focused on exploiting, developing and growing its oil positions in the Williston Basin in North Dakota and the Permian and San Juan Basins in the southwestern U. S. Co.'s activity in the Delaware Basin is primarily focused on the Bone Spring interval (which includes the Avalon sand and shales, and the Bone Springs sands, shales and carbonates), the shallower Delaware sand interval, and the Wolfcamp Shale formation. Co.'s proved reserves at Dec 31 2015 were 583.0 million barrels of oil equivalents.

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Company Name:  WPX Energy, Inc.
Website:  www.wpxenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding WPX:  61
Total Market Value Held by ETFs:  $441.05M
Total Market Capitalization:  $4.75B
% of Market Cap. Held by ETFs:  9.29%
 

Open the WPX Page at The Online Investor (in a new window) »

January 16, 2017    7:41 PM Eastern
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