WPX Energy Inc.

WPX Energy reported fourth-quarter 2017 oil volumes of 75,200 barrels per day, which was 68 percent higher vs. a year ago and 16 percent higher than third-quarter 2017. WPX reported an unaudited fourth-quarter 2017 net loss from continuing operations attributable to common shareholders of $35 million, or a loss of $0.09 per share on a diluted basis. The adjusted net loss from continuing operations in fourth-quarter 2017 [...]

WPX Energy’s 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 as of April 30, 2018, to holders of record of the company’s preferred stock on April 13, 2018. About WPX Energy, Inc. WPX is an independent energy producer with core positions in the Permian and Williston [...]

WPX Energy has signed an agreement to sell its holdings in the San Juan Basin’s Gallup oil play for $700 million to an undisclosed third party. Closing is expected to occur in the first quarter. The divestiture accelerates WPX’s stated deleveraging efforts, with a significant portion of the proceeds slated for debt reduction. WPX now believes it can reduce its net debt/EBITDAX to a target level of 1.5x during [...]

WPX Energy has completed the divestiture of its legacy natural gas position in the San Juan Basin. The sales price was $169 million, subject to typical closing adjustments. The transaction includes WPX’s operated and non-operated gas properties in the basin. The sale does not include WPX’s oil operations in the basin’s Gallup play. WPX expects to finish 2017 with approximately $200 million cash on-hand [...]

WPX Energy plans to discuss its fourth-quarter and full-year 2017 financial and operations results during a webcast on Thursday, Feb. 22, 2018, 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 [...]

WPX Energy has named Clay M. Gaspar as president effective Dec. 1, 2017, in addition to his current role as the company’s chief operating officer. Gaspar and the balance of WPX’s senior leadership will continue reporting directly to Rick Muncrief, WPX’s chairman and chief executive officer. Gaspar joined WPX in October 2014 as senior vice president of operations and resource development. He was promoted [...]

WPX Energy’s 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 as of Jan. 31, 2018, to holders of record of the company’s preferred stock on Jan. 12, 2018. About WPX Energy, Inc. WPX has posted double-digit oil volume growth each of the past five years. The company is [...]

WPX Energy’s (NYSE:WPX) third-quarter 2017 oil production of 64,800 barrels per day grew 11 percent vs. the most recent quarter and was up 67 percent vs. a year ago. Current oil production is approximately 75,000 bbl/d following 10 wells with first sales after the quarter closed. WPX expects fourth-quarter 2017 oil production averaging approximately 75,000 bbl/d and equivalent production of approximately 125-135 [...]

WPX Energy (NYSE: WPX) plans to discuss its third-quarter 2017 financial and operations results during a webcast on Thursday, Nov. 2, 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. The [...]

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 as of Oct. 31, 2017, to holders of record of the company’s preferred stock on Oct. 13, 2017. About WPX Energy, Inc. WPX has posted double-digit oil volume growth each of the past five years. The [...]