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oil & gas

IT’S WHAT WE DO.

About Us

WPX Energy specializes in producing natural gas, oil and natural gas liquids from non-conventional resources such as tight-sands and shale formations. We’re in some of the best resource plays in the nation: North Dakota’s Williston Basin, New Mexico’s San Juan Basin and Colorado’s Piceance Basin.

Our total proved reserves at Dec. 31, 2014, were 727 million barrels of oil equivalent, or 4.36 trillion cubic feet equivalent. Oil reserves increased 27 percent over the prior year to 131 million barrels. WPX replaced its oil production at a rate of 421 percent, excluding divestitures. 

Year-end 2014 proved reserves reflect 72 percent natural gas, 18 percent crude oil and 10 percent natural gas liquids, compared with 76 percent natural gas, 13 percent crude oil and 11 percent NGL at year-end 2013.

WPX is based in Tulsa, Okla., and employs approximately 1,000 people across our operations. WPX CEO Rick Muncrief joined the company last year. He is a petroleum engineer who has worked in the Rockies for most of his career, including 27 years with ConocoPhillips, Burlington Resources and their predecessors.

Net cash provided by operating activities for full-year 2014 was approximately $1.07 billion, including $291 million in the fourth quarter. Net cash for 2014 increased 68 percent vs. $636 million in 2013.

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

OUR NEW DRILLING VP

Tom has nearly 25 years’ experience in drilling, completions, production optimization, building effective teams and technology consulting.

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CEO ON STRATEGY

“We’re defining what success looks like and providing a means to track our progress. This is part of creating a high accountability culture at WPX.”

VIEW VIDEO

Our Heritage

WPX has been producing oil and gas since the early 1980s. We started in the San Juan Basin, which remains a part of our long-term 20/20 strategy. We originally were part of a pipeline company before spinning off at year-end 2011.

OUR 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.

Operations

Operations

We’re in some of the best natural gas, oil and natural gas liquids basins in the nation.

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.

Inspired. Involved. We’re WPX.

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Our CEO Rick Muncrief talks with CNBC's Brian Sullivan about the price of oil going forward. Watch the interview: http://goo.gl/CKGIIX
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VIDEO: $WPX CEO talks with @CNBC Brian Sullivan about future #oil prices. http://goo.gl/CKGIIX http://t.co/rCYV2yK4IX
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"This nation’s energy policies should ensure that future generations of Americans inherit an energy secure and prosperous nation"


Energy Abundance and Global Energy Leadership
www.energytomorrow.org
Today, the United States leads in petroleum products, refining and natural gas production, and we’re on track to lead in the production of crude oil; facts reinforced by last week’s EIA Annual Energy Outlook.
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WPX: Reshaped and Refocused

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

Copyright 2014 WPX Energy

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