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PERMIAN BASIN

WPX had 87 completions in the Permian during 2018, including 14 in the fourth quarter. We're focusing on the Wolfcamp A and Third Bone Spring formations.

Williston Basin

WPX completed 60 new wells in the Williston Basin during 2018, including 18 in the fourth quarter. We're focusing on the Bakken and Three Forks formations.

MIDSTREAM PORTFOLIO

WPX’s joint venture gas plant in the Permian exceeded 85% utilization of the first 200 MMcf/d processing train & produced approximately 19,000 bbl/d of NGL in late 2018. 

 

 

FOURTH-QUARTER 2018 HIGHLIGHTS

  • $151 million net income during 2018
  • Adjusted EBITDAX hits nearly $1.1 billion in 2018
  • Strong execution delivers 57% year-over-year jump in oil production
  • Marketing & midstream strategy maximizing Delaware price realizations
  • 2019 plan cash flow positive at current commodity prices
  • Targeting 2021 for returning capital to shareholders

A DETERMINED LEADER

Our Chairman & CEO Rick Muncrief (center) transformed WPX's culture and completely overhauled the company's portfolio, placing our emphasis on the world-class Permian Basin. Institutional Investor recently named Rick as one of the best CEOs in the Midcap E&P space.

SEE RICK'S BIO


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OUR 2019 REPORT

OUR 2019 REPORT

Our commitment to ESG endeavors has always been implicit. Now we’re making it explicit.

Shared Interests

Shared Interests

We’re committed to quality of life wherever we work.

Williston Basin

Williston Basin

WPX completed 60 new oil wells in North Dakota during 2018.

Our Values

Our Values

We’re a part of something here. We believe in each other & we enjoy working together.

WPX: A Total Transformation

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Decades of oil drilling

Copyright 2019 WPX Energy

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