WPX Energy CEO to Speak at Howard Weil Energy Conference
WPX Energy (NYSE: WPX) Chief Executive Officer Ralph A. Hill is
scheduled to speak at the 41st annual Howard Weil energy
conference on Tuesday, March 19, at 1:15 p.m. Central.
Hill′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 announced a 2013 capital budget of $1 billion to $1.2
billion. Approximately 75 to 80 percent is allocated to oil and NGL
resource plays, including oil-focused exploration and development
activities.
WPX also plans to drill four horizontal wells this year in the Piceance
Basin′s Niobrara Shale where the company announced a natural gas
discovery earlier this year.
The discovery well produced an initial high of 16 million cubic feet per
day and registered an average production rate of 10.6 MMcf/d over its
first 60 days, despite being choked back substantially.
About WPX Energy, Inc.
WPX Energy is an exploration and production company focused on
developing its significant oil and gas reserves, particularly in the
liquids-rich Piceance Basin, the Bakken and Three Forks oil shales and
the Marcellus Shale. WPX also has domestic operations in the San Juan
and Powder River basins, as well as a 69 percent interest in Apco Oil
and Gas International. Go to http://www.wpxenergy.com/investors.aspx
to join our e-mail list.
This press release includes 'forward-looking statements? within the
meaning of the Private Securities Litigation Reform Act of 1995.All
statements, other than statements of historical facts, included in this
press release that address activities, events or developments that the
company expects, believes or anticipates will or may occur in the future
are forward-looking statements.Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of the company.Statements regarding future drilling
and production are subject to all of the risks and uncertainties
normally incident to the exploration for and development and production
of oil and gas.These risks include, but are not limited to, the
volatility of oil, natural gas and NGL prices; uncertainties inherent in
estimating oil, natural gas and NGL reserves; drilling risks;
environmental risks; and political or regulatory changes.Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.The
forward-looking statements in this press release are made as of the date
of this press release, even if subsequently made available by WPX Energy
on its website or otherwise.WPX Energy does not undertake and
expressly disclaims any obligation to update the forward-looking
statements as a result of new information, future events or otherwise.Investors are urged to consider carefully the disclosure in our
filings with the Securities and Exchange Commission, available from us
at WPX Energy, Attn:Investor Relations, P.O. Box 21810, Tulsa,
Okla., 74102, or from the SEC′s website at www.sec.gov.
WPX Energy, Inc.
Media Contact:
Kelly Swan,
539-573-4944
or
Investor Contact:
David Sullivan,
539-573-9360
