One-Page Deal Sheet
WPX Energy Finalizes Exit of International Interests
Pluspetrol Apco Oil & Gas International Inc., WPX Energy, Inc.
Announced Date
January 29,2015
Close Date
January 29,2015
Transaction Type
Corporate
Enterprise Value (EV)($MM)
294
Transaction Details: Subscribe to see
WPX Energy has completed the disposition of its international interests upon the successful merger of Apco Oil and Gas International with a subsidiary of privately held Pluspetrol Resources Corporation. WPX is receiving approximately $294 million.
In the merger, all of the outstanding equity interests of Apco, including the shares comprising WPX’s 69 percent controlling equity interest in Apco, were cancelled and converted into the right to receive $14.50 per share.
In connection with its acquisition of Apco, Pluspetrol also acquired WPX’s additional non-material Argentina-related assets.
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