Felix Energy is a Denver-based exploration and production company focused on the pursuit of identified, liquids-rich unconventional assets within the most economic emerging domestic basins. Felix was formed in April 2013 by a multidisciplinary management team with an extensive track record of value creation and experience working with some of the largest and best operators in the industry.
Over a three-year period, Felix assembled 80,000 net acres in the core of the STACK play located in Blaine, Canadian and Kingfisher counties. By pursuing an aggressive horizontal development program in the Meramec and Woodford formations, the company was able to successfully grow production, reserves and cash flow while demonstrating the resource potential of its acreage. In January 2016, Felix was sold to Devon Energy (NYSE: DVN) for total consideration of $1.9 billion.
EnCap currently is partnered with the Felix management team in Felix Energy II, which was formed in September 2015.