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PERMIAN BASIN

Permian proved reserves increased 56% from a year ago to 143.5 MMBoe at year-end 2016. WPX plans to deploy 7 rigs in the basin this year and invest $480-$510 million on drilling and completion activity.

 

Williston Basin

According to publicly reported information, WPX’s new Williston wells in 2016 ranked first in the basin for cumulative oil production over 90-day and 180-day periods.

SAN JUAN BASIN

Subsequent to the close of fourth-quarter 2016, WPX drilled its fastest well in the basin to date. The company drilled a 1.5-mile lateral in just 5.8 days. WPX has 8 drilling pads in the basin that are rig-ready for 2017.

 

 

double-digit oil growth

oil growth canvassWPX HAS POSTED TREMENDOUS OIL VOLUME GROWTH FIVE YEARS RUNNING.

COMPANY FACT SHEET

WORKING IN ONE OF THE WORLD'S MOST PROLIFIC PLAYS

WPX operates in the core of the Permian’s world-class Delaware Basin where the company has aproximately 135,000 net acres and more than 6,400 gross drillable locations. WPX has seven rigs deployed in the basin.

WPX’s total Delaware production averaged 28.9 Mboe/d in the first quarter, up 15 percent vs. fourth-quarter 2016. First-quarter Delaware oil production rose 13 percent vs. the most recent quarter.

In the first quarter, WPX brought 12 Wolfcamp A 1-mile laterals online – including four from the Panther operations – and two vertical DUCs from a prior bolt-on acquisition in 2016. WPX also is completing a 2-mile Wolfcamp A lateral from the Panther properties and is in the process of bringing its fourth and fifth Wolfcamp D wells online.

WPX spud 20 Delaware wells in the first quarter, including three wells associated with the Panther operations. The spuds include 14 Wolfcamp A wells, four Wolfcamp D wells, a Wolfcamp C well and a well in the Third Bone Spring Lime interval. Nine of the spuds were long laterals ranging from 1.5 to 2 miles.

Of the first-quarter spuds, the CBR 6-7B-3H Wolfcamp A 2-mile lateral currently ranks as the longest single run, conventionally drilled slim-hole lateral in Loving County, Texas. The new record is 10,580 feet.

Additionally, the Lindsay 10-15G-20H is WPX’s first Wolfcamp C well, scheduled for completion in June.

A DETERMINED LEADER

Our Chairman & CEO Rick Muncrief (center) transformed WPX's culture and completely overhauled the company's portfolio, placing our emphasis on the world-class Permian Basin. Institutional Investor recently named Rick as one of the best CEOs in the Midcap E&P space.

SEE RICK'S BIO


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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 COO at JP Morgan: "Self-sourcing is working exceptionally well for us. Gives us optionality and flexibility in our operations."
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WPX's Chief Operating Officer Clay Gaspar spoke at the J.P. Morgan energy conference on Monday. You can catch the webcast replay at http://bit.ly/2sZM3Za. Note: To access the event, sign in as a first-time user on the home screen, then accept the terms, then you'll be there.
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