background_about4.jpg

Share this page

PERMIAN BASIN

WPX’s Permian production averaged 96.7 Mboe/d in third-quarter 2019, which was 28 percent higher than 75.4 Mboe/d in the same period a year ago.

Williston Basin

Williston Basin production averaged 76.8 Mboe/d in third-quarter 2019, which was 58 percent higher than 48.5 Mboe/d in the same period a year ago

MIDSTREAM PORTFOLIO

Following an expansion at WPX’s 50/50 joint venture gas plant, the facility is now processing approximately 100 MMcf/d of third-party volumes in addition to WPX volumes.

THIRD-QUARTER 2019 HIGHLIGHTS

  • 3Q oil volumes were 108.6 Mbbl/d; up 11% vs. 2Q
  • Projecting 109-111 Mbbl/d in 4Q oil volumes: up 4% vs. prior outlook
  • 3Q CAPEX was $264 million
  • Repurchased $58 million in shares to date at an avg. of $10.16 per share
  • CFFO up 39% in first three quarters of 2019 vs. year ago
  • Swapped 6.00% and 8.25% notes for 5.25% notes

DEFINED BY COURAGE & RESULTS

For the first three quarters of 2019, WPX posted net income from continuing operations attributable to common shareholders of $378 million, or income of $0.89 per share.

3Q NEWS


dig deeper

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

prev next
$WPX is looking to strike lightning with a Sr. Drilling Engineer role. Apply today at https://bit.ly/34RDoYU https://t.co/hUl4Jp6I99
View Tweet

A powerful Permian player

Copyright 2019 WPX Energy

×