Exhibit 8.1
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609 Main Street Houston, TX 77002 United States +1 713 836 3600 www.kirkland.com | | Facsimile: +1 713 836 3601 |
November 4, 2020
WPX Energy, Inc.
3500 One Williams Center
Tulsa, Oklahoma 74172-0172
Ladies and Gentlemen:
In connection with the Agreement and Plan of Merger, dated as of September 26, 2020, (the “Merger Agreement”), by and between Devon Energy Corporation, a Delaware Corporation (“Devon”), East Merger Sub, Inc., a Delaware corporation and a wholly-owned Subsidiary of Devon and WPX Energy, Inc. (“WPX”), pursuant to which Merger Sub shall merge with and into WPX, with WPX continuing as the surviving corporation (the “Merger”), we have acted as counsel to WPX in connection with the preparation and filing of the Registration Statement on Form S-4 (the “Registration Statement”), which includes the joint proxy statement/prospectus, filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2020. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Registration Statement.
In connection with this opinion, we have examined and relied on originals or copies, certified or otherwise identified to our satisfaction, of (i) the Merger Agreement, (ii) the Registration Statement, and (iii) the officer’s certificates dated November 4, 2020, from Devon and WPX delivered to us for purposes of our opinion, and (iv) such other documents, certificates, and records we have deemed necessary or appropriate as a basis for the opinion set forth herein (all documents described in this sentence are collectively referred to as the “Documents”). For purposes of our opinion, we have assumed the genuineness of all signatures, the authenticity of all Documents submitted to us as originals, the conformity to original Documents of all Documents submitted to us as certified, conformed, photostatic or electronic copies, and the authenticity of the originals of such latter documents. We have assumed that such Documents are duly authorized, valid, and enforceable. In making our examination of the Documents, we have assumed that the parties thereto had the power, corporate or otherwise, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or otherwise, and the execution and delivery by such parties of such Documents and the validity and binding effect thereof on such parties.
In rendering our opinion, we have assumed with your consent that (i) the Merger will be consummated in accordance with the terms of the Merger Agreement and as described in the Registration Statement, (ii) all of the information, facts, statements, representations, warranties, and covenants contained in the Documents (without regard to any qualification stated therein and without undertaking to verify such information, facts, statements, representations, warranties, and covenants by independent investigation) are, and will be, true and accurate at all relevant times (including as of the Effective Time), (iii) the respective parties to the Documents and all parties referred to therein (including all successors-in-interest to such parties) will act in all respects and at all relevant times in conformity with the requirements and provisions of the Documents, and (iv) none of the terms and conditions contained in the Documents have been or will be waived or modified in any respect. For purposes of rendering our opinion, we have assumed that such information, facts, statements, representations, warranties, and covenants are, and will continue to be, true and correct without regard to any qualification as to knowledge or belief. Our opinion is conditioned upon, among other things, the initial and continuing accuracy and completeness of the information, facts, statements, representations, warranties, and covenants provided or made by WPX and Devon in the Documents. Any change in the accuracy or completeness of any of the information, facts, statements, representations, warranties, or covenants provided or made by WPX and Devon in the Documents, or assumptions on which our opinion is based, could affect our conclusion.
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