WPX Energy (NYSE: WPX) announced today that it is increasing its full-year oil production guidance to an average of 39 to 41 Mbbl/day, up 5 percent from previous guidance of 37 to 39 Mbbl/day. Guidance for total equivalent production is up 3 percent to 77 to 82 Mboe/day from a previous estimate of 75 to 80 Mboe/d. The increase is driven by better-than-expected well performance and an expected increase in drilling and [...]
WPX Energy (NYSE: WPX) has signed an agreement to buy out the remaining transportation obligations that supported its prior operating presence in the Piceance Basin for approximately $239 million. Upon closing, WPX will release all of its Piceance-related firm transportation capacity across four interstate pipeline systems to Citadel NGPE, LLC. The buyout eliminates approximately $164 million in letters of credit and [...]
WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable on Aug. 1, 2016, to holders of record of the company’s preferred stock at the close of business on July 15, 2016. About WPX Energy, Inc. WPX is an oil-focused energy company with operations in [...]
WPX Energy (NYSE: WPX) announced today that it is increasing its estimated ultimate recoveries (EURs) for its Delaware Basin wells in the Permian to 900 Mboe, up 34 percent from its acquisition type curve of 670 Mboe. The company plans to increase its rig count in the Delaware from two to three during the second half of the year without increasing its capital budget. WPX’s guidance for total drilling and completion [...]
WPX Energy (NYSE: WPX) announced today that its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 (the “Notes”) expired at 5 p.m., New York City time, on April 29, 2016 (the “Expiration Time”). At the Expiration Time, $93 million aggregate principal amount – or approximately 31 percent – of [...]
WPX Energy (NYSE: WPX) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 (the “Notes”). The total purchase price offered for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn at or prior to the Expiration Time is $1,015, plus accrued and unpaid interest on the Notes to, but excluding [...]
WPX Energy (NYSE: WPX) announced today that it has completed the sale of its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million subject to closing adjustments. The divestiture greatly enhances WPX’s liquidity, will significantly improve its capital efficiency and returns, and lead to materially lower general and administrative expenses going forward. The move also [...]
WPX Energy (NYSE: WPX) plans to discuss its first-quarter 2016 financial and operations results during a webcast on Thursday, May 5, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A [...]
WPX Energy (NYSE: WPX) announced today that it has amended and restated its revolving credit facility. WPX received total commitments of $1.2 billion on a senior secured facility, with an initial borrowing base of $1.025 billion. The revolver matures on October 29, 2019. The amended terms and covenants provide WPX with increased flexibility and full access to the facility. The size of the revolver is based on the [...]
WPX Energy (NYSE:WPX) Chief Executive Officer Rick Muncrief is scheduled to speak at the 2016 Scotia Howard Weil energy conference on Monday, March 21, at 2:30 p.m. Central. Muncrief’s presentation will be available at www.wpxenergy.com prior to the event. The conference does not offer a live webcast. Additionally, WPX Energy Chief Operating Officer Clay Gaspar is scheduled to speak at the IPAA Oil and Gas Investor [...]
WPX Energy (NYSE:WPX) announced today that it has completed the previously announced sale of its San Juan Basin gathering system for consideration of approximately $309 million. WPX received $285 million cash subject to closing adjustments and a commitment by the purchaser estimated at $24 million to expand the system to support WPX’s development in the basin’s Gallup oil play. WPX has rapidly grown its [...]
WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable on May 2, 2016, to holders of record of the company’s preferred stock at the close of business on April 15, 2016. About WPX Energy, Inc. WPX is an oil-focused energy company with operations in [...]
+36,00 %
0,00 %
-0,68 %
-18,65 %