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ESG PERFORMANCE

"Everyone here owns our results. All of us at WPX are accountable for identifying what we can do better, as well as the solutions to make it happen."

SEE REPORT

CAPITAL EFFICIENCY

WPX now plans to average 137,000-143,000 bbl/d in the 4Q while reducing capital spending by another $50 million to a new estimate of $1.0-$1.1 billion for 2020.

NEWS

HEAR FROM OUR CEO

Our third-quarter investor webcast took place Nov. 3 and was led by our CEO Rick Muncrief. A replay of the event is now available on-demand. 

REPLAY

solid performance

OUR 3Q SUMMARY

  • Current oil rate of approx. 140,000 bbl/d already at the Dec. 31 target
  • Increasing 4Q oil target to 137,000-143,000 bbl/d
  • Reducing 2020 full-year CAPEX by another $50 million
  • Raising 2020 free cash flow projection by 50% to more than $300 million
  • Reducing LOE to $5.10-$5.40 per BOE for full-year 2020, a 14% improvement
  • Attractive Bone Spring results in the Delaware Basin
  • Transformational merger with Devon is on track

“Our proposed merger with Devon Energy is on track and is proving to be a transformational event not only for our two companies, but for our industry as a whole based on events that have unfolded since our announcement,” said Rick Muncrief, WPX’s chairman and chief executive officer.

WPX’s Delaware production in the Permian averaged 139.1 Mboe/d in the third quarter compared with 143.7 Mboe/d in the most recent quarter and 96.7 Mboe/d a year ago.

Four wells in the 3rd Bone Spring Lime hit respective 24-hour highs of 4,255 Boe/d, 3,804 Boe/d, 3,697 Boe/d and 3,602 Boe/d ranging from 53 to 65 percent oil. After 30 days of production, the four wells had a combined average of 3,004 Boe/d per well.

Williston Basin production averaged 68.7 Mboe/d in third-quarter 2020 compared with 63.3 Mboe/d in the most recent quarter and 76.8 Mboe/d a year ago.

The highest 24-hour rate for the third-quarter Williston completions was 8,686 Boe/d (84 percent oil) on the Omaha Woman 24-13-12 HD well, which is a three-mile lateral.

SUMMARY

3Q RESULTS

Adjusted EBITDAX (non-GAAP) hit $389 million in the 3Q, up 8% from $361 million a year ago. 


Transfer Agent

Our transfer agent is Computershare. Please contact them at:

P.O. Box 30170, College Station, TX 77842-3170
800.884.4225 or 781.575.2879
Website: www.computershare.com

Contact Investor Relations

David Sullivan
539.573.9360
WPXInvestorRelations@WPXEnergy.com



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Careers

Careers

In addition to a 401k match, WPX also makes annual contributions to employee 401k accounts ranging from 6-8% of salary based on age.

DIVERSE EXPERIENCE

DIVERSE EXPERIENCE

Young engineers can hit the ground running and make an immediate impact at WPX. Just ask Ashley Goletz.

We Are WPX

We Are WPX

Learn more about us, our history and our values. At WPX, we’re inspired, involved and determined.

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Stay Informed

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WPX: A Total Transformation

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Approaching $10 billion company value

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