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WPX Energy Officially Names Kevin Vann as CFO

7/31/2014

TULSA, Okla.--(BUSINESS WIRE)-- WPX Energy (NYSE:WPX) officially named J. Kevin Vann as Senior Vice President and Chief Financial Officer. Vann has more than 20 years of experience in accounting and risk management.

Vann had been serving in both roles on an interim basis since March. He was with WPX during its spinoff, having served as the company’s controller since 2006 and also as its chief accounting officer.

“I really appreciate Kevin’s ability, confidence and outlook,” said Rick Muncrief, WPX president and chief executive officer. “He’s well regarded throughout the organization and is eager to be a part of the team that is charged with transforming WPX and delivering improved performance, both financially and operationally.”

Vann is a graduate of Oklahoma State University and member of the Oklahoma State Accounting Alumni Council. He served on the Board for Youth Services of Tulsa and the Advisory Council for the American Lung Association.

About WPX Energy, Inc.

WPX Energy is an independent exploration and production company formed during a spinoff two years ago. Overall, WPX has more than 30 years of experience in its sector along with 40 local, state and federal awards for efficiency, innovation and corporate social responsibility.

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.

Source: WPX Energy, Inc.

WPX Energy, Inc.

Media Contact:

Kelly Swan, 539-573-4944

or

Investor Contact:

David Sullivan, 539-573-9360



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