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DRIVING DOWN DRILLING TIMES

As a result of drilling efficiencies, WPX is adding 11 more wells to its 2014 Gallup oil drilling plan. WPX now expects to spud 40 Gallup wells this year vs. the original plan of 29.

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EnerCom Presentation

WPX CEO Rick Muncrief spoke at the EnerCom Oil and Gas Conference on Aug. 19. A copy of his presentation is available now.

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our new oil play

Q2 Canvas Niobrara Gallup 01

A RESURGENCE IS TAKING PLACE IN NEW MEXICO’S SAN JUAN BASIN FOLLOWING OUR DISCOVERY IN THE GALLUP OIL PLAY. TAKE A CLOSER LOOK AT THE PROGRESS ON OUR DEVELOPMENT.

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NEW CEO: BUILDING THE FUTURE

Rick Muncrief takes the helm at WPX. In a letter to employees, he says, “I believe in the future of WPX and want to lead a transformation of this company.”

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MEET OUR CFO: KEVIN VANN

Kevin’s experience spans the gamut from risk assessment and analysis to controller and chief accounting officer. He began his career in public accounting in 1993.

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Surge in Volumes, Outlook

During the second quarter, oil and NGL sales accounted for 47% of WPX’s total product revenues. Domestic oil revenue grew 60% quarter-over-quarter to $194 million. A replay of our webcast is available.

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A neighbor in your community

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Hear our CEO Rick Muncrief's interview with Mad Money's Jim Cramer. http://goo.gl/YLbOzF
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Get the facts, give the facts about #oil & #natgas using @WPXEnergy's app! http://goo.gl/u9wm8W http://t.co/0G4tTx24N5
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#Oil production in New Mexico is up nearly 70 percent from 2008 and is projected to increase by 20 percent in 2014.


New Mexico oil, gas industries see record production, continued growth
www.currentargus.com
New Mexico is currently undergoing an oil and gas boom — oil production is up nearly 70 percent from 2008 and is projected to increase by 20 percent in 2014. Most of the increase is attributable to new technology that allows producers to extract more oil and gas — specifically hydraulic fracturing, commonly called fracking, and horizontal drilling techniques which allow drillers to tap previously unreachable reserves.
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More than 1,200 employees nationwide

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