WPX Aligns Leadership Team with Long-Term Plan
TULSA, Okla.--(BUSINESS WIRE)--
WPX Energy (NYSE:WPX) today announced three personnel moves on its
senior leadership team as the company executes on its long-term vision
and business strategy.
“Focusing on operational performance, technical excellence and margin
expansion is going to take WPX further,” said Rick Muncrief, WPX
president and chief executive officer.
“Our organizational capacity is essential to our plan. We have dynamic
talent at WPX that’s hungry to move quickly, show leadership and try new
things. It’s how we learn and improve our economic returns.”
Joining WPX effective Oct. 27 is Clay M. Gaspar who will serve as senior
vice president of operations and resource development. He is a member of
The Society of Petroleum Engineers and has a bachelor’s degree in
petroleum engineering from Texas A&M and a master’s degree in petroleum
and geosciences engineering from The University of Texas. He has worked
for Newfield Exploration, Anadarko Petroleum and Mewbourne Oil in a
number of technical and leadership roles.
“We’re happy to welcome Clay to WPX,” Muncrief added. “He’s an
impressive addition who has a track record for successful leadership and
Bryan K. Guderian on WPX’s existing leadership team is taking on the
newly created role of senior vice president of business development. His
responsibilities include acquisitions and divestitures, land and land
administration. He will also oversee WPX’s international operations
until the company completes its announced exit from its Apco interests.
He began his career as a landman and has a bachelor’s degree in
petroleum land management from the University of Oklahoma.
Steven G. Natali, senior vice president of exploration, has decided to
leave the company effective Oct. 31. Bob Revella, vice president of
geosciences, will oversee exploration on an interim basis until a
successor is named.
The remainder of WPX’s senior leadership will continue in their current
roles. In addition to Muncrief, Gaspar and Guderian, the team includes
Dennis C. Cameron, Michael R. Fiser, Marcia M. MacLeod and J. Kevin
Vann. Vann was named chief financial officer in July.
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 and federal 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.
Source: WPX Energy Inc