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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 $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 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 and New Mexico’s San Juan Basin, where we have been active in the Gallup oil play. WPX set a new high for liquids production in fourth-quarter 2015, averaging 62,000 barrels per day of oil and NGL. Oil alone accounted for 40,000 barrels per day in the 4Q.

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. We are testing longer laterals, more sand per stage and tighter perforation cluster spacing.

At current commodity prices, WPX plans to execute a capital budget ranging from $350 million to $450 million in 2016, nearly all for drilling and completion activity. Over half of the capital is targeted for development in the Permian’s Delaware Basin.

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

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.



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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 1Q 2016 results webcast set for Thursday, May 5 at 10 a.m. Eastern. Visit http://www.wpxenergy.com https://t.co/Qq3ZrgLui1
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Copyright 2014 WPX Energy

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