WPX Energy

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WPX Energy, Inc.
Public company
Traded as NYSEWPX
S&P 400 component
Industry Petroleum industry
Founded 2011; 7 years ago (2011)
Headquarters Tulsa, Oklahoma
Key people
Richard E. Muncrief, Chairman & CEO
J. Kevin Vann, CFO
Products Petroleum
Natural gas
Natural gas liquids
Production output
110 thousand barrels of oil equivalent (670,000 GJ) per day (2017)
Revenue Increase $1.307 billion (2017)
Increase -$0.031 billion (2017)
Total assets Increase $8.207 billion (2017)
Total equity Increase $4.127 billion (2017)
Number of employees
650 (2017)
Website www.wpxenergy.com
Footnotes / references
[1]

WPX Energy, Inc. (Williams Production and Exploration) is a petroleum and natural gas exploration company organized in Delaware and headquartered in Tulsa, Oklahoma.

Current operations[edit]

All of the company's assets are in the Williston Basin and the Permian Basin. Of the company's total 2017 average production of 110 barrels of oil equivalent (670 GJ) per day, 56% was petroleum, 13% was natural gas liquids, and 31% was natural gas. As of December 31, 2017, the company had 436 million barrels of oil equivalent (2.67×109 GJ) of proved reserves, of which 60% was petroleum, 17% was natural gas liquids, and 23% was natural gas.[1]

History[edit]

In January 2012, the company completed the corporate spin-off from the Williams Companies and became a public company via an initial public offering.[2]

In June 2014, the company sold a working interest in some of its wells in the Piceance Basin to Legacy Reserves LP for $355 million.[3]

In May 2015, the company sold Marcellus Shale marketing contracts for $200 million.[4]

In June 2015, the company acquired 14,300 net acres in the Gallup oil window of the San Juan Basin for $26 million.[5]

In August 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin.[6]

In September 2015, the company sold its remaining mature coalbed methane properties in Wyoming’s Powder River Basin for $80 million.[7]

In October 2015, the company sold its assets in Argentina for $294 million.[8]

In March 2016, the company sold its San Juan Basin gathering system for $309 million.[9]

In April 2016, the company sold its assets in the Piceance Basin to Terra Energy Partners for $911 million.[10]

In January 2017, the company acquired assets in the Permian Basin for $775 million.[11][12]

In 2018, the company sold its assets in the San Juan Basin for $775 million.[13]

References[edit]

External links[edit]