Operator · Permian Basin, Piceance Basin & Powder River Basin
WPX Energy, Inc.
80 articles mentioning WPX Energy, Inc. · Page 1 of 4
Devon Energy, WPX Wrap Up $5.63B Merger Deal
Devon Energy Corp. and WPX Energy, Inc. announced the successful completion of their $5.63B all-stock merger of equals. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. Executive Chairman...
WPX Energy Third Quarter 2020 Results; Merger with Devon on Track
WPX Energy reported its Q3 2020 results. WPX reported third-quarter oil volumes of 122,300 barrels per day, in line with second-quarter results as expected stemming from the effects of prior curtailments and reduced development activity. Current...
WPX Energy Second Quarter 2020 Results
WPX Energy reported its Q2 2020 results. WPX reported an unaudited second-quarter loss from continuing operations attributable to common shareholders of $414 million, or a loss of $0.74 per share on a diluted basis. Highlights: Hedging...
Top Well: WPX Energy Reports Monster Permian Basin Well
On May 15, 2020 WPX Energy reported that the SMOKIN JOE 4441-28 G 7H well that was completed on a 7,400 foot lateral flowed 7,337 barrel of oil and 1 MMcf of gas. The well was...
Bullish on Oil: Operators Turn on Taps After Curtailments
This week, several companies have announced that they are placing the majority of their curtailed production back online. They largely credit the improvement in oil prices as the catalyst. EOG Resources The company said it expects...
WPX Talks Revised Drilling Program; New Capex and Refinancing
WPX Energy has cut its planned spending for 2020, according to its most recent filing with the SEC. Capex Reduced by Another ~$290MM (-$690 Total) In addition to its ~25% capex reduction announced in March, WPX...
Bakken Operators Shut-In 450,000 Barrels Per Day, Rig Count Hits Lowest
May 7, 2020 The Department of Mineral Resources has established the Bakken Restart Task Force to facilitate rapid recovery of the oil and gas industry and supporting sectors impacted by COVID-related demand shock. The task force...
WPX Energy First Quarter 2020 Results
WPX Energy reported its Q1 2020 results. Financials WPX reported an unaudited first-quarter loss from continuing operations attributable to common shareholders of $208 million, or a loss of $0.46 per share on a diluted basis. Cash...
WPX Cuts 2020 Spending by $400MM (23%); Hedging Update
WPX Energy revised its plan for 2020, cutting $400 million from its spending plan. New 2020 capex of $1.338 - a decrease of 23% (compared to original capex of $1.738B) Planning to maintain ~150,000 bbl/d of...
WPX Energy Wraps Up Acquisition of Felix Energy
WPX Energy has completed its previously announced acquisition of Felix Energy, which has operations in the eastern portion of the Permian's Delaware Basin. As expected, Felix was producing 60 MBoe/d (70% oil) at the close of...
WPX Talks 2020 Plans; Reports Q4 2019 Results
WPX Energy has reported its Q4 2019 results as well as its 2020 outlook. 2020 Plans On a pro-forma basis, WPX plans to invest $1,675-$1,800 million in total development capital this year, including $50-$75 million for...
Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls
Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...
Permian E&P Outlines 2020 Plans; 12 Rigs & 160 Wells
Today WPX announed that it plan on acquiring Fexlix Energy for $2.5 billion in cash and stock. The company provided a look at its 2020 plans which includes the following. 1. WPX will increase its Delaware...
WPX Energy Adds COO to Board of Directors
WPX Energy President and Chief Operations Officer Clay M. Gaspar has been elected to the company's board of directors effectively immediately. Additionally, two members of the WPX board - Jack E. Lentz and David F. Work...
WPX Ups Oil Guidance for 2019; Cuts Debt Load, Talks 2020
WPX Energy reported its Q3 results. Below are highlights (for the full release, scroll down below analysis). 2020 (10-15 % below what they did in 2019) In its call, WPX noted that it plans a 10-15%...
WPX Talks Q2; Touts 5,800 BOEPD Bakken IP, Gets Oilier in Delaware Basin
WPX Energy reported Q2 2019 results. Delaware Basin: Oil Volumes Up 19% YOY WPX's Delaware production averaged 96.6 Mboe/d in second-quarter 2019, which was 30 percent higher than 74.4 Mboe/d in the same period a year...
WPX Ups Well Activity +31% YOY; Hits 4,900 BOEPD IP24 at Wolfcamp A Well
WPX Energy detailed its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary - Well Activity (gross): Completed 46 wells in Q1 - up +31% YOY Delaware Basin: 31 completions -...
WPX Slashes 2019 Budget by 23%; Plans to Cut Two Rigs in Q1
WPX Energy has cut its 2019 budget from its prior estimates. Shale Experts has detailed how this compares to prior years in a chart below. Additionally, WPX announced that it is selling ~$200 million worth of...
WPX to Spend +30% More in 2019; Touts 5,000 BOEPD Delaware IP24s, Bakken Wells
WPX Energy reported its Q3 2018 results as well as its 2019 plans. 2019 Plans - Capex / Production Plans Up +30% from 2018 WPX has detailed its preliminary plans for 2019, including: - 2019 Capex:...
WPX Touts 61% Oil Output Growth YOY; Long Laterals Pay Off in the Delaware
WPX Energy reported its Q2 2018 results. Oil Production Up +61% YOY - Q2 production of 125 MBOEPD (up +65% YOY and up +22% from 1Q18) Q2 oil volumes: Oil volumes were 80,800 bbl/d from its...