Pursuant to the offering, WPX has granted the underwriters a 30-day option to purchase up to an additional 6,675,000 shares of WPX’s common stock.
The offering was upsized from the previously announced offering of 42,000,000 shares of common stock with an option to purchase up to an additional 6,300,000 shares.
The underwriters intend to offer the shares from time to time for sale
in one or more transactions on the
WPX intends to use the net proceeds from the offering and cash on hand
to finance the acquisition of certain assets of
The offering is being made pursuant to an effective shelf registration
statement of WPX previously filed with the
Copies of the final prospectus supplement for the offering and the
accompanying base prospectus, when available, may be obtained by sending
a request to:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
WPX is an oil-focused energy company with operations in the Permian Basin in Texas and New Mexico, the Williston Basin in North Dakota, and the San Juan Basin in New Mexico and Colorado. Our principal executive office is located at 3500 One Williams Center, Tulsa, Okla., 74172.
This press release includes “forward-looking statements,” including but not limited to those regarding the proposed Acquisition. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of WPX. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by WPX on its website or otherwise. WPX does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Investors are urged to consider carefully the disclosure in our filings with the Securities and Exchange Commission at www.sec.gov.
Kelly Swan, 539-573-4944
David Sullivan, 539-573-9360