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IT’S WHAT WE DO.

About Us

WPX Energy is a tremendous turnaround story. Since mid 2014, we have reached more than $4 billion in transactions to transform the company under the leadership of new CEO Rick Muncrief.

Today, we are one of the newest players in the oil-rich Permian Basin after completing a company-defining acquisition in summer 2015. We have approximately 92,000 net acres under lease in the basin and more than 3,600 gross risked drilling locations across stacked pay intervals. This represents decades of drilling opportunities.

WPX also has core acreage in North Dakota’s Williston Basin, New Mexico’s San Juan Basin and Colorado’s Piceance Basin. We posted total production of 167.3 Mboe/d from our operating areas in third-quarter 2015.

WPX set a new high for liquids production in the third quarter, averaging 56,500 barrels per day of oil and NGL. Oil production alone surpassed 35,000 barrels per day for the first time and accounted for 21 percent of total equivalent production, up from 15 percent a year ago.

Enhanced completion designs on our wells in the Permian and Williston basins are also yielding early-time results that exceed existing type curves, pointing to opportunities for increased shareholder value. WPX will continue to aggressively test and evaluate larger stimulations.

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.

VIEW OUR AWARDS

WILLISTON EUR UPDATE

WPX is now recognizing a blended type curve of approximately 750 Mboe for its wells in the Middle Bakken and Three Forks formations, up 25% from previous estimates of 600 Mboe.

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A VICTORY FOR OIL EXPORTS

Rick Muncrief testified on Capitol Hill in July 2015, saying: “This is a critical hour where we have the opportunity to match policy with America’s power and capacity to produce record-setting levels of energy.” 

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RECORD OIL VOLUMES IN 3Q

Oil production surpassed 35,000 bbl/d for the first time and accounted for 21% of total equivalent production, up from 15% a year ago.

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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.

There’s a new energy at WPX

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#Piceance exit reinforces $WPX’s #oil focus led by its #Permian Delaware development. Read more: http://goo.gl/2YYyp5
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WPX Energy sells Piceance for $910 million. This is WPX’s second transformational transaction in recent months. The move solidifies WPX as a Permian-focused company and provides a more balanced commodity mix given the pro forma exposure to oil and natural gas. Our CEO Rick Muncrief says, “Our bias for action and being opportunistic won’t change. We will pursue our very best investment options and continually evaluate how to optimize our assets. We’ve created a balanced portfolio with an excellent runway for sustained value generation.” Read more: http://goo.gl/2YYyp5
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Focused on resource development in the U.S. West

This website may contain forward-looking statements. Please review our forward-looking statement disclaimer here.

Copyright 2014 WPX Energy

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