We were part of a pipeline co. that had a few E&P properties in the northern San Juan Basin.
We became an official “business unit” within the pipeline company.
Eyeing the Future
Our E&P assets were organized further – this time into a subsidiary at our former parent.
Change of Address
Home office moved from Farmington, N.M., to Salt Lake City.
Home office moved to Tulsa. Decision made to grow business rather than divest properties.
On the Hunt
First major purchase. Bought acreage in the Jonah Field for more than $100 million.
Outbid the world's No. 2 oil company for a package of Rockies-based natural gas reserves.
Concluded property sales of $950 million in parent company’s financial turnaround.
Initiated the development of purpose-built, high-efficiency rigs via a contract with H&P.
Named Global Hydrocarbon Producer of the Year by Platts.
Acquired Bakken Shale acreage, representing our first oil-focused development.
WPX Is Born
After a spinoff, we made our start as an independent corporation on Jan. 3, 2012.
Gallup Oil Discovery
WPX discovers oil from the Gallup Sandstone in the southern end of the San Juan Basin.
Permian Basin Entry
WPX acquires RKI Exploration & Production LLC for $2.75 billion.
A Visionary Leader
WPX CEO Rick Muncrief is named Executive of the Year by Oil & Gas Investor magazine.