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WILLISTON EUR UPDATE

WPX is now recognizing a blended type curve of approximately 750 Mboe for its wells in the Middle Bakken and Three Forks formations, up 25% from previous estimates of 600 Mboe. 

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ENERCOM PRESENTATION

WPX has attractive hedges in place for oil volumes in 2015 and 2016. Learn more about our hedging program and everything we’ve accomplished over the past 15 months to build a premier position in the West.

 

 

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boosting our oil barrels

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

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Oil Production Growth Chart

TRANSFORMING WPX: THE PERMIAN ACQUISITION

Here’s what our CEO Rick Muncrief says about WPX’s definitive merger agreement to acquire RKI Exploration & Production:

“We have a plan in place, we’re executing very well and it shows in our results. We believe this transaction will help us take our plan further and execute it faster.

This is a transformative opportunity that fits perfectly with our strategy to increase our oil production and high-quality oil inventory. RKI’s asset scale and concentrated acreage position allows for efficient, low-cost, multi-decade development in a world-class oil play.

For our shareholders, this further drives high-margin oil growth, accelerates our portfolio transition to more liquids, and solidifies our premier position in the western United States, which enjoys the advantages of established infrastructure and higher realized commodity prices.

This transaction drives significant, measurable value for shareholders. RKI’s wells generate 30 percent returns at $60 WTI prices and we look forward to capturing upside beyond that by employing additional completion technology.

I want to personally acknowledge RKI’s Founder, President and CEO, Ronnie Irani, and his team for the successful company they’ve built and for recognizing our ability to take these assets to the next level. We’re excited to bring two companies together to create a new one that will have a deep oil inventory, massive natural gas optionality and long-term growth visibility.”

CEO MESSAGE ON ACQUISITION

“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.

Stay Informed

Stay Informed

Sign up to keep up-to-date with our latest investor news and events through timely email alerts.

There’s a new energy at WPX

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Energize your career @WPXEnergy. Apply for our Technician II position: https://goo.gl/zGMd31 http://t.co/vMMkobjE5Z
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Looking to energize your career? Do you have experience with wellhead compression, pumping unit operation and well optimization? We’re seeking a Technician II in Aztec, N.M. This position maintains Automation systems for Electronic Flow Measurement, wellhead pressure measurement, and flow control devices. The role maximizes wellhead gas production and performs maintenance and repairs on wellhead production equipment. To apply, visit: https://goo.gl/zGMd31
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50,000 barrels per day of total liquids production

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

Copyright 2014 WPX Energy

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