The total purchase price offered for each
Assuming the Offer is not extended, it is expected that payment will be
The Offer is subject to certain conditions described in the Offer to Purchase, but is not conditioned on the tender of a minimum principal amount of Notes. WPX may amend, extend or terminate the Offer in its sole discretion, subject to applicable law.
Tendered Notes may be withdrawn at any time at or prior to the earlier of (i) the Expiration Time and (ii) if the Offer is extended, the 10th business day following commencement of the Offer. Tendered Notes may also be validly withdrawn in the event the Offer has not been consummated within 60 business days after commencement of the Offer.
This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Offer is being made solely pursuant to terms and conditions set forth in the Offer to Purchase and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The dealer manager for the Offer is
Copies of the Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery are available from the Information Agent and Tender Agent and at the following web address: http://www.gbsc-usa.com/WPX/.
WPX is an oil-focused energy company with operations in the Permian’s
This press release includes “forward-looking statements.” 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. 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 on its website or otherwise. WPX 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
WPX Energy, Inc.
Kelly Swan, 539-573-4944
David Sullivan, 539-573-9360