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2Q 2018 HIGHLIGHTS

Total production volumes of 125.0 Mboe/d in second-quarter 2018 increased 22 percent vs. first-quarter 2018 and were 65 percent higher than the same period a year ago. Liquids volumes accounted for 80 percent of second-quarter 2018 production.

Oil volumes of 80,800 bbl/d were 23 percent higher than the most recent quarter and 61 percent higher vs. the same period a year ago, led by a 94 percent increase in the Delaware Basin over the past 12 months.

WPX completed 32 gross operated wells (29 net) in its two core basins during second-quarter 2018 and participated in another seven gross (1 net) non-operated wells in the Delaware Basin.

Oil and NGL sales of $504 million accounted for 97 percent of WPX’s second-quarter 2018 total product revenues of $520 million. Quarterly oil sales grew 30 percent vs. the most recent quarter driven by higher average prices and production volumes.

Total product revenues of $927 million during the first half of 2018 were 124 percent higher than $413 million in the first half of 2017. Oil revenues of $828 million during the first half of 2018 were 135 percent higher than the same period a year ago.

WPX reported an unaudited second-quarter 2018 net loss from continuing operations available to common shareholders of $83 million, or a loss of $0.21 per share on a diluted basis. The loss was driven by $154 million of net losses associated with its hedge book resulting from higher forward oil prices, along with a $71 million loss on extinguishment of debt.

Adjusted net income from continuing operations in second-quarter 2018 was $23 million, or income of $0.06 per share. A reconciliation accompanies the press release online.

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OUR LAND WORK LEADS TO 1.5-MILE & 2-MILE LATERALS IN WORLD'S HOTTEST OIL PLAY.

HERE'S THE BACKGROUND



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Annual Report

Annual Report

CEO: Our outlook is clear and compelling. Impressive cash flow growth. Disciplined capital investing.

The Strength of Our People

The Strength of Our People

Learn what it’s like to work at WPX. We’re always looking for great people to join our team.

Proved Reserves

Proved Reserves

As of YE 2017, we have 436.2 MMBoe of proved reserves in our operating areas.

We Are WPX

We Are WPX

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

WPX: A Total Transformation

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Goal: 150,000 bbl/d of oil in 2022

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