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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. 

 

 

FIRST-QUARTER 2019 HIGHLIGHTS

  • Expecting to generate more than $100 million of free cash flow in 2019
  • 1Q cash flow from operations 88% higher vs. a year ago
  • 1Q Delaware oil realizations of WTI less $0.09, including basis swaps
  • 1Q Delaware natural gas realizations of NYMEX less $0.76, including basis swaps
  • Weather in Delaware Basin reduced 1Q oil volumes by approx. 1,400 bbl/d
  • 2019 development capital plan unchanged
  • Announced or closed $550 million in recent deals; proceeds going to balance sheet

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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Kasey Kaupke and Mackenzie Barmore go above and beyond to represent WPX outside the company. In fact, "Mack" was just named the 2019-2020 Treasurer for a chapter of the Society of Petroleum Engineers. Congrats!
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$WPX infrastructure in the #Permian continues to take shape. Here's the latest update on our joint venture projects… https://twitter.com/i/web/status/1131560287960731648
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An $8 billion turnaround story

Copyright 2019 WPX Energy

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