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PERMIAN BASIN

Permian proved reserves increased 76 percent from a year ago to 252.4 MMBoe at year-end 2017. We're currently running seven drilling rigs in the basin.

Williston Basin

We recently drilled the two highest-producing horizontal oil wells in the history of the Williston Basin where we have emerged as a technical and operational leader.

MIDSTREAM BUSINESS

Everyone knows that infrastructure is going to be absolutely critical in the Permian Basin. And we’re already executing a very effective game plan. 

 

 

six years running

Canvas 4Q17WPX HAS POSTED A LONG STRING OF DOUBLE-DIGIT OIL GROWTH 

COMPANY FACT SHEET

FOURTH-QUARTER 2017 HIGHLIGHTS

  • Oil production grows 48% year-over-year
  • 4Q oil sales more than double vs. year ago
  • Delaware Basin oil volumes jumped 37% in 4Q 17 vs. 3Q 17
  • Transitioning to longer laterals in the Delaware Basin
  • Hidatsa and Mandan wells each set Williston Basin records for oil volumes
  • Reserves replacement rate in 2017 was 459% before considering divestitures
  • Closed Permian Midstream JV and San Juan legacy gas sale

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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Dan Yergin: "The market needs U.S. production." https://cnb.cx/2HnuP00. That's why $WPX is building infrastructure… https://twitter.com/i/web/status/988796732413829121
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What does the world's leading energy expert say about oil production growth in the U.S.? See the remarks by Ph.D. Daniel Yergin at https://cnb.cx/2HnuP00. (Pictured are our new oil storage tanks in the Permian Basin)
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Rapidly shifted production mix to more than 50% oil

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

Copyright 2014 WPX Energy

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