Background _About4

Share this page

PERMIAN BASIN

Since WPX entered the play in the second half of 2015, it is close to tripling its Delaware oil production based on our exit rate at the end of third-quarter 2017.

Williston Basin

WPX’s Williston Basin production comes from the Bakken and Three Forks formations. Approximately 80-85 percent of the production stream is oil.

SAN JUAN BASIN

WPX & Cyclone Drilling set a world record by drilling 8,370 feet in 24 hours on the horizontal lateral for our 745H oil well. It's the longest lateral length drilled in a day. 

 

 

double-digit oil growth

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

COMPANY FACT SHEET

THIRD-QUARTER 2017 HIGHLIGHTS

  • 3Q 2017 oil output 67% higher than 3Q 2016
  • Current oil production averaging 75,000 bbl/d
  • Raising 2017 oil growth from 40% to 45% year-over-year
  • Increasing Williston EURs 18% to 1,000 Mboe
  • Closed JV agreement; Received $349 million including reimbursement
  • Signed PSA to sell San Juan Basin dry gas holdings for $169 million
  • Increasing 2018 oil growth to 40-45% year-over-year

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


dig deeper

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

prev next
It's time to think about 2018. The next $WPX quarterly webcast takes place on Feb. 22, 2018. We'll discuss our 4Q a… https://twitter.com/i/web/status/941374653532078080
View Tweet
As the 4Q and 2017 wind down, we're preparing for our next opportunity to tell the WPX story. Our next webcast takes place on Feb. 22, 2018. http://bit.ly/2AHM9d3
View Post

$2.75 billion acquisition of Permian Basin properties

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

Copyright 2014 WPX Energy

×