WPX Energy Inc.

WPX Energy (NYSE: WPX) has completed the purchase of another 14,300 net acres in the San Juan Basin’s Gallup oil window from an undisclosed seller for approximately $26 million. The acreage purchase represents an estimated 100 gross drilling locations, boosting WPX’s tally in the San Juan Gallup to approximately 500. WPX now owns or controls approximately 100,000 acres in the core of the Gallup oil window [...]

WPX Energy (NYSE: WPX) has completed its third divestiture of the year, closing the sale of a package of Marcellus Shale marketing contracts and the release of certain related firm transportation capacity to an undisclosed buyer. WPX received in excess of $200 million cash for various long-term natural gas purchase and sales agreements and was released from approximately $390 million in future demand payment obligations [...]

WPX Energy ™s (NYSE: WPX) first-quarter 2015 results mark the company ™s third consecutive quarterly profit. WPX reported unaudited net income of $67 million for first-quarter 2015 vs. $18 million a year ago. Net income from continuing operations attributable to WPX Energy was $22 million in first-quarter 2015. On an adjusted basis, first-quarter 2015 income from continuing operations was $19 million despite materially [...]

WPX Energy (NYSE: WPX) announced today it signed an agreement to sell a package of Marcellus Shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for in excess of $200 million cash. The sale includes various long-term natural gas purchase and sales agreements, along with 135 million Btu per day of firm transportation capacity on Transco ™s Northeast Supply Link [...]

WPX Energy (NYSE:WPX) Senior Vice President of Operations and Resource development Clay Gaspar is scheduled to speak at the IPAA Oil and Gas Investor Symposium on Monday, April 20. Gaspar’s presentation is scheduled to begin at approximately 9:35 a.m. Eastern. Please visit www.wpxenergy.com on the day of the event to confirm the time, see the slides and listen to the presentation. Gaspar joined WPX in [...]

WPX Energy (NYSE: WPX) plans to discuss its first-quarter 2015 financial and operations results during a webcast on Wednesday morning, May 6, beginning at 10 a.m. Eastern. Participants are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A replay of the webcast will be available on WPX’s website for one year following the event. Chief Executive Officer Rick Muncrief, Senior Vice [...]

WPX Energy (NYSE:WPX) Chief Executive Officer Rick Muncrief is scheduled to speak at the 43rd annual Scotia Howard Weil energy conference on Monday, March 23, at 2:30 p.m. Central. Muncrief’s presentation will be available at www.wpxenergy.com on the morning of the event. The conference does not offer a live webcast. WPX recently reported its net income of $164 million for full-year 2014 and announced a 2015 [...]

WPX Energy (NYSE:WPX) is trimming its company-wide workforce by approximately 8 percent and consolidating most of its regional office staff in Denver, Colo., together with personnel at the company’s headquarters in Tulsa, Okla. Eighty-three employees are being notified that their positions are affected by the workforce reduction, including 44 in Tulsa, 25 in Denver, 11 in Parachute, Colo., two in New Mexico and one in [...]

WPX Energy’s (NYSE:WPX) unaudited results for full-year 2014 reflect net income of $164 million and a 74 percent increase in cash margins from continuing operations. Specific achievements include: WPX Energy (NYSE:WPX) reported $164 million net income in 2014. Photo by Edward DeCroce. Courtesy of WPX. Increased annual oil production by 56 percent – reco...

WPX Energy (NYSE: WPX) today announced a 2015 capital investment plan of approximately $725 million (midpoint), in line with the company’s projected operating cash flow. As part of its long-term strategy, WPX will continue to diversify its historically gas-weighted portfolio. WPX’s oil production grew 56 percent in 2014 year over year, far exceeding its plan for 40 percent growth last year. In fourth-quarter 2014, oil [...]