gesture

1983

Entry Into E&P

Our San Juan Basin properties were originally part of a pipeline company.

1989

It’s Official

We became an official “business unit” within the pipeline company.

1991

From Business Unit to Subsidiary

Our E&P assets were organized further – this time into a subsidiary.

1992

Utah Bound

Home office moved from Farmington, N.M., to Salt Lake City.

1995

On the Road Again

Home office moved to Tulsa. Decision made to grow business.

1999

1 Trillion Benchmark

Gas reserves hit 1 trillion cubic feet; production averaged 159 MMcfe/d.

2001

Growing

Purchased Barrett Resources for $2.8 billion. Entered Colorado’s Piceance Basin.

2003

Strength of Our Resolve

Concluded property sales of $950 million in parent company’s financial turnaround.

2005

Industry Leaders in Efficiency

Initiated the development of purpose-built, high-efficiency drilling rigs.

2006

Awarded for Excellence

Named Global Hydrocarbon Producer of the Year by Platts.

2010

Diversifying Our Assets

New pursuit of oil. Acquired acreage in Bakken Shale.

2011

WPX Is Born

Spinoff from former parent company completed at year end.

2012

Going Public

We made our start as an independent publicly traded corporation on Jan. 3, 2012.

2013

New Discoveries

WPX starts a new oil development in the Gallup Sandstone and makes a natural gas discovery in the Niobrara Shale.

NOW

New Vision

New CEO Rick Muncrief has overseen more than $4 billion in transactions to reshape the portfolio, including our entry in the Permian Basin.

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looking ahead, not behind

circles oil growth (1)

We're doubling down on our future.

LEARN MORE ABOUT OUR PLAN

Our very first properties – in the San Juan Basin – were originally part of a pipeline company. 

In the ’80s and ’90s, our former parent company gave our particular business more shape and distinction through a series of internal organizational moves. In 1995, we actively began to grow our E&P portfolio rather than monetizing it.

In 1998, based on our experience in the San Juan Basin, we shifted our focus toward unconventional plays such as tight-sands gas. A couple of significant acquisitions followed, including our purchase of Barrett Resources in 2001 for $2.8 billion.

From 2006-10, we participated in the development of more than 7,000 natural gas wells − with as many as 28 drilling rigs deployed in Colorado alone. Simultaneously, we also entered into shale development and diversified our production with oil.

At year-end 2011, we completed a tax-free spinoff from our former parent company, launching WPX as a stand-alone, publicly traded corporation. Our shares are traded on the NYSE under the symbol WPX.

Our name dates back to 1991 when some of our early staff referred to the company in shorthand as WPX rather than writing out what the lengthier business unit moniker was back then.

TRANSFORMING WPX

“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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A diverse portfolio

A diverse portfolio

Our reserves reflect a mixture of 76 percent natural gas, 13 percent crude oil and 11 percent natural gas liquids.

DELAWARE Basin

DELAWARE Basin

WPX is building a new identity as a Permian producer. Shifting to more oil development is a defining moment for the future of WPX.

CAREERS

CAREERS

In addition to a 401k match, WPX also makes annual contributions to employee 401k accounts ranging from 6-8% of salary based on age.

Hydraulic Fracturing

Hydraulic Fracturing

We were one of the first producers to voluntarily disclose details about hydraulic fracturing.

A neighbor in your community

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We're just about finished with the final tabulation from our golf tourney benefiting the Tulsa United Way. Survey says? Over $18K! More than 50 vendors, sponsors and business partners helped make this amazing outcome possible. Thank you!
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