The net proceeds from the offering will be approximately
The offering is being made pursuant to an effective shelf registration
statement of WPX previously filed with the
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
|BofA Merrill Lynch|
200 North College Street, 3rd floor
Charlotte NC 28255-0001
Attention: Prospectus Department
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.
The tender offers are being made solely pursuant to WPX’s Offer to
This press release does not constitute a notice of redemption for the 7.500% Senior Notes due 2020, which will be made pursuant to the requirements of the indenture governing such notes.
WPX is an independent energy producer with core positions in the Permian
and Williston basins. WPX’s production is approximately 80 percent
oil/liquids and 20 percent natural gas. The company also has an emerging
infrastructure portfolio in the
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, those regarding the proposed offering, the anticipated closing date of the offering and the use of proceeds. 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.
WPX Energy, Inc.
Kelly Swan, 539-573-4944
David Sullivan, 539-573-9360