Our very first properties – in the northern San Juan Basin – were part of a pipeline company.
At the time, we were known as Williams Exploration & Production (or just "WPX" in shorthand). The abbreviation ultimately stuck and became our name.
In the ’80s and ’90s, the seeds of our E&P company grew through a series of internal organizational moves. In 1995, we actively began to grow the business rather than sell.
In 1998, based on our experience in the San Juan Basin, we shifted our focus toward unconventional plays.
From 2006-10, we participated in the development of more than 7,000 natural gas wells − with as many as 28 drilling rigs deployed. We also entered shale development and diversified our production with oil.
At year-end 2011, we completed a tax-free spinoff from the pipeline company, launching WPX as a stand-alone, publicly traded corporation.
In 2014, new CEO Rick Muncrief rolled out a plan to vastly increase the company's oil production by the year 2020. Today, we're ahead of schedule.
Since Rick's arrival from Continental Resources, we have completed more than $7 billion in acqusitions and divestitures to transform the company.