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PERMIAN BASIN

Permian proved reserves increased 56% from a year ago to 143.5 MMBoe at year-end 2016. WPX plans to deploy 7 rigs in the basin this year and invest $480-$510 million on drilling and completion activity.

 

Williston Basin

According to publicly reported information, WPX’s new Williston wells in 2016 ranked first in the basin for cumulative oil production over 90-day and 180-day periods.

SAN JUAN BASIN

Subsequent to the close of fourth-quarter 2016, WPX drilled its fastest well in the basin to date. The company drilled a 1.5-mile lateral in just 5.8 days. WPX has 8 drilling pads in the basin that are rig-ready for 2017.

 

 

double-digit oil growth

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

COMPANY FACT SHEET

SECOND-QUARTER 2017 HIGHLIGHTS

  • 2Q oil output grew 27% vs. 1Q 2017
  • Raising 2017 outlook for oil growth from 30% to 40%
  • Delaware resource assessment continues to show strong results
  • Signed Delaware crude transport deal with Oryx; includes equity interest
  • Permian midstream JV agreement creating new platform for value creation
  • 6-well Etstatis pad in Williston Basin boasts 30-day cumulative oil of ~258,000 barrels
  • Begins process to market San Juan Basin legacy natural gas position 

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


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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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$WPX COO Clay Gaspar speaks at Enercom this morning at 10 a.m. EDT. Catch the live webcast at http://bit.ly/2btpp0s
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WPX CEO Rick Muncrief: "Our plan is unchanged and so is my confidence in it. We simply need to stay the course. And that's exactly what we're doing." Catch more comments from our investor update at http://bit.ly/2soQjlZ
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3 core basins: Permian, Williston, San Juan

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

Copyright 2014 WPX Energy

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