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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 more than 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

CLAY GASPAR JOINS WPX

WPX is adding a new member to its leadership team. Gaspar will serve as senior vice president of operations and resource development effective Oct. 27.

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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.”

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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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WPX is building relationships with San Juan College School of Energy. In fact, the San Juan Basin is home to our company's first natural gas properties (circa 1983). Jordan Domingo (front left) and Jerrick Sandoval (front right) are recipients of a scholarship program we support. WPX is proud to help promote our industry to young people who are considering careers in oil and gas.
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$WPX completed 253 gross #natgas wells in #PiceanceBasin in 2014, compared to 250 gross wells in 2013 http://goo.gl/6eX3ng
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WPX reduced its drilling times in the San Juan Basin's Gallup oil play by 40% last year to an average of 13.5 days per well. Now we're improving more, drilling one well in just 8.9 days already this year. Learn more about our operations results at goo.gl/6eX3ng


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Focused on resource development in the U.S. West

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

Copyright 2014 WPX Energy

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