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PERMIAN BASIN

Permian proved reserves increased 76 percent from a year ago to 252.4 MMBoe at year-end 2017. We're currently running seven drilling rigs in the basin.

Williston Basin

We recently drilled the two highest-producing horizontal oil wells in the history of the Williston Basin where we have emerged as a technical and operational leader.

MIDSTREAM BUSINESS

Everyone knows that infrastructure is going to be absolutely critical in the Permian Basin. And we’re already executing a very effective game plan. 

 

 

six years running

WPX HAS POSTED A LONG STRING OF DOUBLE-DIGIT OIL GROWTH 

 

THIRD-QUARTER 2018 HIGHLIGHTS

  • 3Q Delaware oil volumes up 9% vs. most recent quarter
  • 3Q realized prices for Delaware oil reflect benefit of marketing strategy
  • Early Third Bone Spring results comparable to Wolfcamp A performance
  • Williston Otter Woman well posts IP of 4,567 Boe/d (81% oil)
  • Startup of JV gas plant in Delaware Basin paves the way for processing reliability
  • Current oil production approaching 90,000 bbl/d following 3Q close
  • 2019 base capital plan is net cash flow positive; forecasting 25-30% oil growth

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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The Strength of Our People

The Strength of Our People

Learn what it’s like to work at WPX. We’re always looking for great people to join our team.

Shared Interests

Shared Interests

We’re committed to the environment and quality of life in all of our communities.

Williston Basin

Williston Basin

WPX has reduced cycle times in the Williston Basin by more than 30% since we entered the Bakken Shale oil play.

Our Values

Our Values

The need to speak with integrity, clarity and transparency is the only way we know to do business. You can count on the strength of our word.

WPX: A Total Transformation

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You'd be smiling, too, if you saw the breaking news from the USGS about the Wolfcamp and Bone Spring formations in the Permian Basin. Our acreage is right smack in the middle of what is being called "the largest oil & gas resource ever assessed." https://bit.ly/2Ssdowy
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This sign graces our home in the #Permian Basin. And this new report (https://on.doi.gov/2AV1MuH) by the USGS is a str… https://twitter.com/i/web/status/1070788643911032832
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6 straight years of double-digit oil growth

Copyright 2018 WPX Energy

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