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PERMIAN BASIN

WPX has a $2.75 billion investment in the Permian Basin where we have decades of drilling inventory across stacked pay intervals.

 

Williston Basin

We are producing from the Bakken and Three Forks formations on the Fort Berthold Indian Reservation. Roughly 85 percent of the production stream is oil.

SAN JUAN BASIN

This was our very first basin. It's one of the most prolific natural gas plays around. We're also developing an oil discovery there in the Gallup Sandstone formation.

double-digit oil growth

Four Years RunningWPX HAS POSTED TREMENDOUS OIL VOLUME GROWTH FOUR YEARS RUNNING.

SEE OUR PEAK RATES FOR NEW OIL WELLS IN 3Q 2016

About Us

WPX Energy is a tremendous turnaround story. Since mid 2014, we have reached more than $5 billion in transactions to transform the company under the leadership of CEO Rick Muncrief.

Today, we are one of the newest players in the oil-rich Permian Basin. We have quickly amassed more than 100,000 net acres in the Delaware portion of the play and more than 5,500 gross drillable locations across stacked pay intervals. This represents decades of drilling opportunities.

WPX also has core acreage in North Dakota’s Williston Basin and New Mexico’s San Juan Basin, where we have been active in the Gallup oil play. WPX posted 2Q 2016 oil production averaging 41,900 barrels per day. Total liquids volumes including NGL accounted for 60 percent of 2Q 2016 production.

Based on current operating conditions, WPX believes it has ample cash on-hand to accelerate drilling and completion activities if conditions warrant, for midstream infrastructure development in the Delaware Basin, and to fully fund planned operating capital expenditures in excess of operating cash flows through 2018.

WPX recently increased its estimated ultimate recoveries (EURs) for its Delaware wells to 900 Mboe, up 34 percent from its acquisition type curve of 670 Mboe.

DOWNLOAD LATEST WPX FACT SHEET

Awards

WPX has a long history of innovation and stakeholder engagement, recognized through more than 40 local, state, federal and industry awards. Last year we received 5 awards for ethics, exploration, air quality, best practices and wildlife habitat improvements.

HISTORY


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The Strength of Our People

The Strength of Our People

Learn what it’s like to work at WPX. We’re always looking for great people to join our team.

Shared Interests

Shared Interests

We’re committed to the environment and quality of life in all of our communities.

Williston Basin

Williston Basin

WPX has reduced cycle times in the Williston Basin by more than 30% since we entered the Bakken Shale oil play.

Our Values

Our Values

The need to speak with integrity, clarity and transparency is the only way we know to do business. You can count on the strength of our word.

WPX: A Bias For Action

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$WPX CEO to the Houston Producers Forum: "U.S. producers must remain prudent & disciplined." See more http://bit.ly/2jC0deB
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Charisma Media is preparing to feature 21 women working in leadership roles, including WPX's Angela Kouplen, our CIO and VP of Administration. She talked with the magazine about what drives her decision-making and the opportunity to be "a force for encouragement." Stay tuned for the special issue.
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4 consecutive years of double digit oil growth

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Copyright 2014 WPX Energy

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