Background_Investors

Share this page

$95 PER BARREL OIL

For 2015, we’ve locked in over half of our projected oil volumes at an average of nearly $95 per barrel. Learn more about our hedging activity.

READ MORE

CLAY GASPAR AT IPAA

WPX’s Senior Vice President of Operations and Resource Development is scheduled to speak at the IPAA Oil and Gas Investor Symposium on April 20 at 9:35 a.m. Eastern.

VIEW WEBCAST

SCOTIA HOWARD WEIL ENERGY CONFERENCE

WPX CEO Rick Muncrief spoke at the 43rd annual Scotia Howard Weil energy conference on Monday, March 23.

DOWNLOAD

2014 HIGHLIGHTS

WPX’s 2014 financial highlights include $190 million higher oil sales, $106 million higher natural gas sales, and a 68 percent increase in net cash provided by operating activities vs. 2013 results.  

During the fourth quarter, oil and natural gas liquids (NGL) sales accounted for 50 percent of WPX’s product revenues and 28 percent of production volumes. Diversifying the company’s historically gas-weighted production is part of WPX’s long-term, multi-year strategy. 

Oil volumes were 32,300 barrels per day in fourth-quarter 2014, up 71 percent over a year ago and 25 percent higher than the sequential quarter. 

During the year, WPX also entered into six agreements with an aggregate value of more than $1 billion to narrow the company’s business focus, increase scalability of core assets, bring value forward and further strengthen its balance sheet.

Operationally, WPX increased proved oil reserves by 28 million barrels in 2014 and achieved a 40 percent improvement in drilling times on Gallup oil wells in the San Juan Basin. 

“We executed extremely well last year, delivered on our word and took timely action to start the transformation of the company,” said Rick Muncrief, president and chief executive officer.

“We divested non-core operations, sharpened our geographic focus, boosted oil production, increased cash flow, put a new credit facility in place and launched a long-term strategy to expand margins and profitably grow the company.

“Today, we are well positioned for the challenges and opportunities presented by lower commodity prices. Being successful in this environment means staying proactive and opportunistic,” Muncrief added.

CEO ON STRATEGY

“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.”  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



dig deeper

Environmentally Sound

Environmentally Sound

We care about corporate social responsibility and doing what’s right.

Operations

Operations

We’re in some of the best natural gas, oil and natural gas liquids basins in the nation: the Piceance, the Williston and the San Juan.

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.

Inspired. Involved. We’re WPX.

prev next
The Acquisitions Engineer Team Lead has responsibility for leading the technical evaluation process for potential acquisitions as well as managing a team of engineers and project analysts to perform the following: Screen potential acquisition candidates for fit with investment strategies and objectives Attend data rooms and gather appropriate data for project evaluation Prepare technical and econo
View LinkedIn Page
.@EPA highlights decline in methane emissions from #natgas production. Read more: http://goo.gl/aVtNS6
View Tweet
Breaking bread and having a big family-style breakfast is one way to celebrate a really significant milestone. That's just what our team in Gillette, Wyo., did. Employees in the Powder River Basin operate more than 2,300 natural gas wells across 340,000 net acres. And they've done it safely every day for 12 consecutive years without a single lost-time accident. Congrats!


View Post

More than 40 national, state, local & industry awards

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

Copyright 2014 WPX Energy

×