Locke Lord Represents Felix Energy in Sale of 80,000 Net Surface Acres in Anadarko Basin STACK Play for $1.9 Billion

A Locke Lord team led by Joe Perillo and Terry Radney and including David Taylor, Hunter Summerford, Geoff Polma, Buddy Sanders, Eric Larson, Jerry Higdon, among others represented Felix Energy, LLC when Devon Energy Corp. announced that 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, a portfolio company of EnCap Investments, for $1.9 billion. The 80,000 net surface acres being acquired in the STACK play are located in Blaine, Canadian and Kingfisher counties in Oklahoma, immediately northeast of Devon's legacy STACK position. According to Devon's news release, "This acquisition has captured a significant position in the most economic portion of the STACK oil window, which is emerging as one of the top resource plays in North America."
Posted December 7, 2015