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WPX Energy Adding Jobs in Tulsa

5/14/2015

Local Workforce Growing to More Than 500 This Year

WPX’s senior recruiters Ann Herndon-Cox and Marsha Casebeer are doing what few others in the oil and gas industry are doing since the big downturn in oil prices: putting out the “help wanted” sign.

“That’s right. We’re hiring,” says Herndon-Cox. “The process is under way. These are career opportunities with great benefits at a well established company that’s healthy and wants to accomplish big things.”

WPX employs 430 people in Tulsa and had a local payroll of $50 million last year. WPX needs to hire about 40 to 50 more people in Tulsa in addition to relocating 53 people here from its office in Denver, Colo.

About half of the positions are posted, with new ones being added as quickly as the company evaluates its needs stemming from consolidating most of its office in Denver with the company’s headquarters in Tulsa.

The move brings WPX’s technical functions together, giving employees exposure to a variety of geologic basins. At WPX, that means an engineer can support the Williston, San Juan and Piceance basins all from Tulsa.

WPX is hiring for positions in oil and gas engineering, geosciences, measurement, SCADA, reservoir analysis, production analysis, regulatory planning and permitting, land and supply chain management.

“Now is the time to throw your hat into the ring,” Herndon-Cox said. “We are actively reviewing resumes and conducting interviews. Ideally, we want to fill the jobs by mid-summer.”

Applicants can apply online in the careers section at the company’s website. WPX benefits include a new paid-time off supplement that recognizes years of work experience, not just years with the company, starting in 2016.

In addition to a 401k match, WPX also makes annual contributions to employee 401k accounts ranging from 6 to 8 percent based on age, regardless of whether an employee makes any contributions of their own.

WPX recently reported its third consecutive quarterly profit and cut its long-term debt by 12 percent. WPX also grew its oil volumes to nearly 35,000 barrels per day, up 79 percent vs. first-quarter 2014.

BACKGROUND

WPX is executing a five-year business plan that aims to increase oil production five-fold and triple the company’s operating margins and overall enterprise value. WPX operates more than 5,800 oil and gas wells in the U.S.

In March, WPX announced it would reduce its company-wide workforce by 8 percent – including 44 jobs in Tulsa – in the wake of falling energy prices and consolidate its regional office in Denver with its headquarters in Tulsa.

The decisions were based on the need to reduce costs, achieve efficiencies and bring the company’s technical professionals – such as engineers and geologists – together in one office to enhance how people work together.

At the time, WPX believed there was a possibility that its Tulsa office could see a net gain in total jobs, contingent upon the number of Denver employees who accepted an offer to relocate.

That assumption was accurate based on the number of people who are relocating to Tulsa and the number of job openings created by the Denver consolidation.

WPX made relocation offers to 118 of its Denver employees, who had 60 days to decide. Forty-five percent – or 53 employees – accepted. A few are arriving this month, with most scheduled to move this summer.

Overall, WPX’s expects its local payroll in Tulsa to exceed 500 people again in 2015 as it completes the relocation process and fills the vacancies created by the transition.

The positions WPX needs to fill now are primarily associated with developing the company’s oil and gas properties – jobs in different categories than previously eliminated in Tulsa. Those jobs were predominantly in business services such as accounting, information technology, commodity trading, and lease records. 

About WPX Energy, Inc.

 

WPX Energy develops and operates oil and gas producing properties in North Dakota, New Mexico and Colorado. The company has a long history of innovation and stakeholder engagement, recognized through more than 40 local, state, federal and industry awards.

 

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, the volatility of oil, natural gas and NGL prices; uncertainties inherent in estimating oil, natural gas and NGL reserves; drilling risks; environmental risks; and political or regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by WPX Energy on its website or otherwise. WPX Energy does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Investors are urged to consider carefully the disclosure in our filings with the Securities and Exchange Commission, available from us at WPX Energy, Attn: Investor Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s website at www.sec.gov.


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