Tulsa-based WPX Energy said Dec. 16 it is acquiring Denver-based Felix Energy, a Permian Basin operator, for $2.5 billion. WPX is purchasing Felix’s acreage in Loving, Ward and Winkler counties in west Texas in the core of the Delaware Basin for $900 million in cash and $1.6 billion in WPX stock. Felix has about 1,500 gross undeveloped locations at predominately two-mile lateral lengths with expected production of 60,000 boed (70 percent oil) at closing in 2020Q2. Felix has 58,500 net acres in an over-pressured, oily portion of the basin with six productive benches.