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
Wells Fargo Securities, LLC
|Attn: WFS Customer Service|
|608 2nd Ave S, Suite 1000|
|Minneapolis, MN 55402|
|Telephone:(800) 645-3751 Opt 5|
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
WPX has posted double-digit oil volume growth each of the past five years. The company is active in the Delaware, Williston and San Juan basins. The Delaware Basin is the western portion of the greater Permian Basin.
This press release includes “forward-looking statements,” 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.
Kelly Swan, 539-573-4944
David Sullivan, 539-573-9360