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 1,000 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 the first nine months of 2014 was $779 million, up 50 percent vs. $520 million for the same period in 2013. Subsequent to the close of 2014’s third quarter, WPX also executed a new five-year, $1.5 billion senior unsecured credit facility.
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