background_about4.jpg

Share this page

PERMIAN BASIN

WPX completed 16 Permian wells during 2Q 2019, including seven in the Wolfcamp A interval and five wells in the Third Bone Spring formation. Ten of the completions featured lateral lengths exceeding 10,000 feet.

Williston Basin

WPX completed 12 Williston wells during 2Q 2019. Initial peak rates on the three-well Delores Sand pad averaged nearly 4,300 Boe/d (81% oil). The highest 24-hour rate on the pad was 5,344 Boe/d on the 29-32 HD well.

MIDSTREAM PORTFOLIO

The second 200 MMcf/d cryogenic processing train at WPX’s 50/50 joint venture gas plant in the Permian Basin was commissioned in May 2019. The now 400 MMcf/d plant provides capacity for both WPX and third-party volumes.

 

SECOND-QUARTER 2019 HIGHLIGHTS

  • Raising full-year oil guide by 4% and full-year Boe by 5%
  • Reaffirming existing 2019 CAPEX plan
  • Projecting 108-111 Mbbl/d in 3Q oil volumes
  • CFFO up 48% in first half of 2019 vs. year ago
  • Projecting free cash flow 3Q, 4Q and full year
  • 2Q Delaware oil realizations of $60.05 (WTI plus $0.23, including basis swaps)
  • 2Q Delaware gas gas realizations of $2.05 (NYMEX less $0.59, including basis swaps)
  • Initiating program to repurchase up to $400 million of shares over next 24 months

CONFIDENT IN THE FUTURE

WPX completed 24 new oil wells in July. That is driving our expected oil output higher for 2019. With that, we believe our 3Q 2019 oil volumes will average 108-111 Mbbl/d.

LATEST 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
"The whole world knows." Here's a recap of the Carlsbad Energy Conference & long-term perspectives on the #Permian,… https://twitter.com/i/web/status/1174681366853804032
View Tweet

Approaching $10 billion company value

Copyright 2019 WPX Energy

×