WPX ENERGY CEO TO SPEAK AT HOWARD WEIL ENERGY CONFERENCE
TULSA, Okla. – WPX Energy (NYSE: WPX) Chief Executive Officer Ralph A. Hill is scheduled to speak at the 41st annual Howard Weil energy conference on Tuesday, March 19 at 1:15 p.m. Central.
Hill’s presentation will be available at www.wpxenergy.com on the morning of the event. The conference does not offer a live webcast.
WPX recently announced a 2013 capital budget of $1 billion to $1.2 billion. Approximately 75 to 80 percent is allocated to oil and NGL resource plays, including oil-focused exploration and development activities.
WPX also plans to drill four horizontal wells this year in the Piceance Basin’s Niobrara Shale where the company announced a natural gas discovery earlier this year.
The discovery well produced an initial high of 16 million cubic feet per day and registered an average production rate of 10.6 MMcf/d over its first 60 days, despite being choked back substantially.
About WPX Energy, Inc.
WPX Energy is an exploration and production company focused on developing its significant oil and gas reserves, particularly in the liquids-rich Piceance Basin, the Bakken and Three Forks oil shales and the Marcellus Shale. WPX also has domestic operations in the San Juan and Powder River basins, as well as a 69 percent interest in Apco Oil and Gas International. Go to /investors.aspx to join our e-mail list.
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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.