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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.

1Q 2016 OIL PRODUCTION RESULTS

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 Delaware portion of the play 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 oil production in first-quarter 2016, averaging 41,500,000 barrels per day. Total liquids volumes including NGL accounted for 62 percent of 1Q 2016 production.

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.

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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Bloomberg story puts the spotlight on the Delaware Basin, where $WPX has more than 90,000 acres across stacked pay. http://goo.gl/5swQhm
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A Bloomberg story is putting the spotlight on the upside in the Delaware Basin, where WPX acquired a substantial position across stacked pay intervals in mid-2015. We have two rigs in the basin, with a third rig scheduled for October. The Bloomberg story is at http://goo.gl/5swQhm
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Our CEO: 35+ years in oil & gas

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

Copyright 2014 WPX Energy

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