WPX Energy Inc.

A subsidiary of WPX Energy and its joint venture partner in the Oryx II pipeline have signed agreements to sell the project. Closing is expected in the second quarter. Upon close, WPX expects net proceeds of approximately $350 million for its 25 percent equity interest after adjusting for debt financing related to Oryx II. In addition, WPX expects to save approximately $40 million in planned equity investments for the [...]

WPX Energy reported fourth-quarter 2018 oil volumes of 96,000 barrels per day, which was 49 percent higher vs. a year ago and 15 percent higher than third-quarter 2018. WPX reported unaudited fourth-quarter 2018 net income from continuing operations attributable to common shareholders of $353 million, or income of $0.83 per share on a diluted basis. The same measure for full-year 2018 was $234 million, or income of $0.57 [...]

WPX Energy President and Chief Operating Officer Clay Gaspar is scheduled to speak at the Credit Suisse Energy Summit on Feb. 11. Gaspar’s presentation begins at 11:35 a.m. Mountain. A webcast is not available. His slide deck will be posted on www.wpxenergy.com. As previously disclosed, WPX also plans to discuss its fourth-quarter and full-year 2018 financial and operations results during a webcast on Thursday, Feb [...]

WPX Energy has signed agreements to divest certain holdings for aggregate proceeds in excess of $200 million, with closings expected in the first quarter. The sales consist of separate transactions for an equity interest in a third-party pipeline and WPX’s non-core Nine Mile Draw E&P assets in southern Reeves County, Texas. “We remain opportunistic as we manage our portfolio with respect to disciplined [...]

WPX Energy is updating its full-year guidance following commodity price changes that occurred after the company released initial 2019 guidance nearly three months ago. The updated 2019 plan is focused on disciplined growth within cash flows based on $50 oil . Highlights include: Estimating revised production of 149 – 161 MBoe/d in 2019. The midpoint implies greater oil production of more than 20 percent [...]

WPX Energy plans to discuss its fourth-quarter and full-year 2018 financial and operations results during a webcast on Thursday, Feb. 21, 2019, 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 reported third-quarter oil volumes of 83,400 barrels per day, up 3 percent vs. the most recent quarter and 54 percent higher than a year ago. Quarterly oil revenues eclipsed half a billion dollars for the first time in company history. Current oil volumes are approaching 90,000 bbl/d. This reflects the benefit of Williston Basin first sales that occurred near the end of the third quarter, including the [...]

WPX Energy plans to discuss its third-quarter 2018 financial and operations results during a webcast on Thursday, Nov. 1, 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 www.wpxenergy.com. The slides [...]

WPX Energy reported second-quarter oil volumes of 80,800 bbl/d from its operations in the Delaware and Williston basins, which were approximately 5,000 bbl/d higher than expected. The company now expects full-year oil volumes of 78,000-82,000 bbl/d for 2018, which is 3 percent higher than its original forecast of 75,000-80,000 bbl/d. Volume growth in the latter half of the year primarily is expected to occur in the fourth [...]

EVART, Mich., July 25, 2018 /PRNewswire/ -- Michigan Potash Company is pleased to welcome Mr. Clay M. Gaspar to the Board of Directors. Mr. Gaspar is currently President and Chief Operating Officer at WPX Energy Inc. .  Clay has been instrumental at WPX, implementing widespread change associated with a $7 billion portfolio transformation that has made WPX an emergent, nibble leader in natural resource development and a [...]