One-Page Deal Sheet
Devon to Acquire Felix's STACK/Woodford Asset For $1.9 Billion
Devon Energy Corp Felix Energy Llc
Announced Date
December 07,2015
Close Date
January 07,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
1900
Asset/Basin:
{"Anadarko Basin",STACK}
TargetZones:
{Meramec,Osage,Woodf
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - Anadarko Basin
Country
United States
State
Oklahoma
County
Kingfisher ,Canadian ,Blaine
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Devon Energy Corp. (NYSE:DVN) today announced it has agreed to acquire 80,000 net surface acres, with up to 10 prospective zones, in the Anadarko Basin STACK play from privately held Felix Energy, a portfolio company of EnCap Investments, for $1.9 billion.
The EnLink Advantage Secures STACK AcquisitionIn a related transaction announced separately today, EnLink Midstream agreed to acquire Tall Oak Midstream, a portfolio company for EnCap Flatrock Midstream, for $1.55 billion. Tall Oak’s gathering and processing assets are strategically located in the core area of the STACK play and the vast…
Mid-Continent - Anadarko Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-17-2026 |
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| Sep-09-2025 |
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| Aug-07-2025 |
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| Mar-24-2025 |
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| Sep-06-2022 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | - |
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