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A MORE FOCUSED PORTFOLIO

Our portfolio is sharper and more defined than ever before. We’re positioned to come through this downturn stronger than we’ve ever been.

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PRESENTATION AT IPAA

WPX Energy Chief Operating Officer Clay Gaspar spoke at the IPAA Oil and Gas Investor Symposium in New York on April 11.

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boosting our oil barrels

PRODUCING MORE OIL IS PART OF WPX’S VALUE CREATION STRATEGY. WE ARE MAKING SIGNIFICANT PROGRESS.

 

 4Q15oil Production Growth Chart

 

 

FOURTH-QUARTER 2015 SUMMARY

Net cash provided by operating activities for full-year 2015 was $811 million, including $182 million in the fourth quarter. At Dec. 31, 2015, WPX had approximately $38 million in unrestricted cash and cash equivalents. WPX’s total liquidity at year-end was approximately $1.5 billion including its revolver capacity.

In addition to its year-end liquidity, WPX is scheduled to receive approximately $1.2 billion cash (prior to closing adjustments) from the previously announced sales of its Piceance subsidiary and its San Juan Basin gathering system. The sale of the San Juan Basin gathering system is expected to close in the first quarter, followed by the anticipated close of the Piceance transaction in the second quarter.

Total company production volumes were 173.1 Mboe per day in the fourth quarter. Oil volumes accounted for 23 percent of production, reaching a new company best of 40,000 barrels per day in the quarter. Year-over-year oil volumes increased 41 percent. NGL volumes increased 17 percent year-over-year.  Total liquids volumes in the fourth quarter were 62,000 barrels per day.

Piceance Basin production accounted for approximately 53 percent of total fourth-quarter volumes. Piceance Basin operations will be reclassified as discontinued operations in future periods as a result of the announced sale subsequent to year-end.

WPX’s proved reserves at Dec. 31, 2015, were 583 MMBoe, or approximately 3.5 trillion cubic feet equivalent. Fifty-two percent of proved reserves are associated with the Piceance subsidiary that is being divested.

Permian proved reserves were 92.3 MMBoe. Williston proved reserves were 93.1 MMBoe. San Juan proved reserves were 86.2 MMBoe. WPX also has 7.7 MMBoe of proved reserves in noncore areas. Reserve levels reflect the impact of low commodity prices.

CEO MESSAGE ON PERMIAN

“This is a transformative opportunity that fits perfectly with our strategy to increase our oil production and high-quality oil inventory,” said Rick Muncrief, WPX CEO.    View Video


Transfer Agent

Our transfer agent is Computershare. Please contact them at:

P.O. Box 30170, College Station, TX 77842-3170
800.884.4225 or 781.575.2879
Website: www.computershare.com

Contact Investor Relations

David Sullivan
539.573.9360
WPXInvestorRelations@WPXEnergy.com



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NOW HIRING

NOW HIRING

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

SAN JUAN BASIN

SAN JUAN BASIN

WPX has more than 217,000 net acres in the San Juan Basin, including approx. 85,000 acres in the Gallup oil window.

We Are WPX

We Are WPX

Learn more about us, our history and our values. At WPX, we’re inspired, involved and determined.

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WPX: A Bias For Action

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#oil & #natgas is part of our daily lives, including the roof over our head. Get the facts .#Vote4Energy in 2016 https://twitter.com/mdgreen1956/status/726115238744084480
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A big thank you goes to our employees who turned out in full force for the American Heart Association - Tulsa's 2016 Heart Walk. This year, we surpassed our goal with more than 100 employees walking. In addition, employees raised nearly $20,000 for the organization. Way to go and thanks for your commitment to the community!
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$2.75 billion acquisition of Permian Basin properties

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Copyright 2014 WPX Energy

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