WPX Energy Inc.

WPX Energy (NYSE:WPX) officially named J. Kevin Vann as Senior Vice President and Chief Financial Officer. Vann has more than 20 years of experience in accounting and risk management. Vann had been serving in both roles on an interim basis since March. He was with WPX during its spinoff, having served as the company’s controller since 2006 and also as its chief accounting officer. “I really appreciate Kevin’s ability [...]

WPX Energy (NYSE:WPX) today received the Best Discovery award from Oil and Gas Investor magazine recognizing the company’s Niobrara Shale natural gas discovery in western Colorado. WPX Energy drilled an exploratory well in western Colorado's Niobrara Shale that has already produced more than 2.5 billion cubic feet of natural gas. Photo by Jim Blecha. Courtesy WPX WPX originally announ...

WPX Energy (NYSE:WPX) plans to discuss its second-quarter 2014 results during a webcast on Wednesday morning, Aug. 6. New WPX Chief Executive Officer Rick Muncrief, along with other members of the management team, will discuss the results and provide an update on the company’s operations starting at 10 a.m. Eastern. Participants are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A [...]

WPX Energy (NYSE:WPX) announced today it has completed the sale of a working interest in some of its historical Piceance Basin wells to Legacy Reserves LP for a sales price of $355 million subject to customary post-closing adjustments. The agreement also provides WPX with 10 percent ownership in a newly created class of incentive distribution rights (IDR) with Legacy. WPX has the opportunity to increase its ownership to [...]

Richard E. (Rick) Muncrief officially takes the helm today as chief executive officer at WPX Energy (NYSE:WPX), one of the nation’s largest independent energy producers. WPX Energy (NYSE:WPX) CEO Richard E. Muncrief (Photo: Business Wire) WPX has 16 drilling rigs deployed in the Piceance, Williston and San Juan basins as part of its $1.47 billion capital investment plan for 2014. The company reported first-quarter [...]

In accordance with NYSE Rule 303A.08, WPX Energy (NYSE:WPX) today announced that it has granted an employment inducement award in the form of restricted stock units to Richard E. Muncrief who has been named as the company’s president and chief executive officer. The inducement grant for restricted stock units provides for the issuance of 481,157 shares of WPX’s common stock, subject to vesting conditions [...]

WPX Energy (NYSE:WPX) today announced its unaudited operating and financial results for the first quarter of 2014. First-quarter net income attributable to WPX of $18 million benefitted from a 52 percent increase in the company’s net realized average price for domestic natural gas sales and a 35 percent increase in total product revenues. Domestic natural gas production was nearly identical to the sequential quarter [...]

WPX Energy (NYSE:WPX) announced today it signed an agreement to sell a working interest in certain of its existing Piceance Basin wells to Legacy Reserves LP, a Midland-based master limited partnership, for $355 million cash subject to closing adjustments. The agreement also provides WPX with 10 percent ownership in a newly created class of incentive distribution rights (IDR) with Legacy. WPX has the opportunity to [...]

The WPX Energy (NYSE:WPX) Board of Directors has named Richard E. (Rick) Muncrief as the company’s next president and chief executive officer. The appointment is effective May 15, 2014. He also will join the WPX board following the company’s annual meeting of shareholders on May 22. WPX Energy (NYSE:WPX) CEO Richard E. Muncrief (Photo: Business Wire) Muncrief, 55, is a petroleum engineer who has more than 30 years [...]

WPX Energy (NYSE:WPX) plans to discuss its first-quarter 2014 results during a webcast on Wednesday morning, May 7. Management will discuss the results and provide an update on the company’s operations starting at 10 a.m. Eastern. Participants are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A limited number of phone lines also will be available at 877-299-4454. International [...]