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WPX - WPX Energy: The Felix Deal Gives A Blueprint For The Next Phase Of Consolidation In The Permian
WPX Energy Inc.
Introduction
One of the themes that I think will drive the shale market over the next few years is the consolidation of players that comes when an industry moves from its growth and exploration phase into maturity. Fifteen years into the "shale miracle" we could be seeing the start of this maturation.
I think the Occidental Petroleum (OXY)-Anadarko Petroleum (APC) transaction was the tip of the M&A spear, so to speak, although OXY shareholders (of which I am one) have been punished since. There are a lot of reasons for that and these