Felix Energy, LLC
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Felix Energy, LLC - overview
Established
2013
Location
Denver, CO, US
Primary Industry
Oil & Gas
About
Felix Energy, LLC is a Denver-based company specializing in the acquisition, exploration, and production of oil and natural gas resources, primarily focusing on efficient energy solutions in the US. Founded in 2013 in Denver, US, Felix Energy, LLC operates in the energy sector by acquiring and producing oil and gas. In December 2015, the company was acquired by Devon Energy Corporation for USD 1. 9 billion from EnCap Investments, marking a significant transition in its operational strategy.
Felix Energy, LLC engages in the exploration, development, and production of oil and natural gas. The company focuses on maximizing resource recovery through innovative drilling techniques and sustainable practices while providing energy solutions tailored to meet market demands. Felix Energy generates revenue through the sale of oil and natural gas produced from its assets. This includes income from operational activities within the energy sector, where it capitalizes on the growing demand for fuel resources in various markets.
Following its acquisition, Felix Energy, LLC plans to leverage the resources and expertise of Devon Energy Corporation to advance its operational capabilities. The latest funding round, completed in December 2015 with a total of USD 1. 9 billion, is expected to be utilized for expanding production capacity and exploring new oil and gas fields across various regions, thereby enhancing its market presence.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.felix-energy.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Felix Energy, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Felix Energy, LLC | - | ||||||||
| Buyout | Completed | Felix Energy, LLC | - |
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