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PERMIAN BASIN

Our 4Q 2019 completions included two Wolfcamp XY wells. The Dalmatian well hit a peak of 3,770 Boe/d (64% oil). The Shepherd well hit a peak of 3,688 Boe/d (63% oil).

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Williston Basin

During 2019, WPX reduced its Williston completions costs by 39 percent, from $416 per foot in fourth-quarter 2018 to $254 per foot in fourth-quarter 2019.

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MIDSTREAM PORTFOLIO

The second 200 MMcf/d cryogenic processing train at WPX’s 50/50 joint venture gas plant in Reeves County, Texas, was commissioned in May 2019. 

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COMPANY PERFORMANCE HIGHLIGHTS

  • 2019 net income of $256 million is 70% higher than 2018
  • 2019 Adjusted EBITDAX (non-GAAP) up 27% despite lower commodity prices
  • Generated $101 MM of free cash flow (non-GAAP) in back half of 2019
  • 2019 oil production jumped 27% year-over-year to 103,600 bbl/d
  • 70% of projected 2020 oil volumes hedged above current WTI price

RUGGED RESOLVE

WPX people work hard to get the job done, braving all kinds of tough conditions in America's most prolific oil basins. 

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OUR 2020 REPORT

OUR 2020 REPORT

Our progress is driven by the values we share and the diverse experience we bring.

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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$WPX CFO: Even with this year's challenges, WPX remains a vibrant company with a very healthy balance sheet that's… https://twitter.com/i/web/status/1326902999898353665
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6 straight years of double-digit oil growth

Copyright 2020 WPX Energy

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