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A GROUNDBREAKING APPROACH

"This is a bold and innovative way to lay a well-defined path for our Delaware volumes and create an additional platform for generating shareholder value."

MIDSTREAM JV

DATA DRIVES RESULTS

Taking measured risks can really add up. We're conducting completions trials to test the number of frac stages, tighter cluster spacing and increased proppant intensity.

WELL PERFORMANCE

ENERCOM CONFERENCE

WPX Senior VP & Chief Operating Officer Clay Gaspar spoke at the Enercom Oil and Gas Conference on August 15.  Download the slides.

WEBCAST REPLAY

hitting our targets  

DELIVERING. WITH DISCIPLINE.

 

 Projectedoil Production Growth Chart Hannah2q17

WE'RE NOW TARGETING 40% OIL GROWTH IN 2017.

DELAWARE RESOURCE ASSESSMENT

WPX’s total Delaware production averaged 40.7 Mboe/d in the second quarter, up 41 percent vs. first-quarter 2017 and 56 percent vs. a year ago. Second-quarter Delaware oil production jumped 49 percent vs. the most recent quarter.

Notably, second-quarter 2017 marked the first time for WPX’s Delaware Basin operations to post the highest production among WPX’s three operating areas. WPX entered the play in the second half of 2015.

WPX brought 16 wells to first sales in the basin during the second quarter, including nine Wolfcamp A laterals, three Wolfcamp D laterals, and the previously mentioned laterals in the Second Bone Spring Sand and the Third Bone Spring.

WPX’s easternmost Wolfcamp A well to date – the Blue 34-1H well – had 30-day production averaging 1,560 Boe/d (69% oil). A Second Bone Spring Sand well had 30-day production averaging 1,215 Boe/d (56% oil). A Third Bone Spring well had 30-day production averaging 1,647 Boe/d (50% oil). In the Wolfcamp D interval, the East Pecos 22-9H had 30-day production averaging 2,051 Boe/d (31% oil).

WPX believes that data from its spacing test on its CBR-22 pad in the Delaware Basin validates 330-foot wine-racked spacing for Wolfcamp A laterals in the Stateline area at current market pricing. Interference tests thus far continue to show only minimal downhole pressure communication between wells.

Initial flowback on nine wells started at the end of the first quarter when WPX completed these wells in the upper and lower Wolfcamp A landing zones, testing 15 wells per section. All nine wells in the spacing test are still free-flowing, with 90-day average cumulative production of 106,000 Boe per well (51% oil).

Additionally, WPX has installed 30 miles of the planned 50-mile crude oil gathering system in the basin. The trunkline is designed to have a capacity of approximately 125,000 barrels of oil per day. The system will be part of the 50/50 midstream joint venture with Howard Energy Partners. 

 

2Q 2017 RESULTS

KEEPING OUR WORD

WPX has done more than $7 billion of transactions, transformed its portfolio and doubled oil production under Rick Muncrief's watch. Learn more. 



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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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.

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.

WPX: A Bias For Action

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$WPX COO Clay Gaspar speaks at Enercom this morning at 10 a.m. EDT. Catch the live webcast at http://bit.ly/2btpp0s
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WPX CEO Rick Muncrief: "Our plan is unchanged and so is my confidence in it. We simply need to stay the course. And that's exactly what we're doing." Catch more comments from our investor update at http://bit.ly/2soQjlZ
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2015 Deal of The Year Award Winner

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Copyright 2014 WPX Energy

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