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 increased 5.5 percent in 2013 to 4.90 trillion cubic feet equivalent. Year-end 2013 domestic reserves were 4.76 Tcfe. Our domestic reserves reflect a mixture of 76 percent natural gas, 13 percent crude oil and 11 percent NGL.
WPX is based in Tulsa, Okla., and employs more than 1,100 people across our operations. New WPX CEO Rick Muncrief joined the company in May. He has nearly 25 years of experience in the oil and gas sector.
During our most recent quarter (2Q 2014), oil and liquids (NGL) sales accounted for 47 percent of WPX’s total product revenues. Domestic oil revenue grew 60 percent quarter-over-quarter from $121 million a year ago to $194 million in second-quarter 2014.
We’ve received 40 national, state and local awards for protecting air, land, water and quality of life, including three in 2014 so far. Honors include: A Best Management Practices Award from the national Bureau of Land Management, HydroCarbon Producer of the Year from Platts Global Energy Awards, Carson National Forest Award from the U.S. National Forest Service for our work in New Mexico, Outstanding Operations honors from the Colorado Oil and Gas Conservation Commission and recognition from the New Mexico Bureau of Land Management for protecting deer and fish habitats.VIEW OUR AWARDS