August 18, 2015 EnerComs 20th Oil and Gas Conference Rick Muncrief, President and Chief Executive Officer
WPX Highlights Completed RKI acquisition of core Delaware basin acreage Nearly fully hedged for the balance of 20151 Oil production 80% hedged at 85.14 per barrel Natural gas production 75% hedged at 4.04 per MMbtu Strong hedge…
Highlights Over the Past 15 Months Completed Exit of International Assets Infill project added 200 January, 2015 gross locations in Rick Muncrief becomes CEO Williston May, 2014 August, 2014 Completed Sale of Northeast…
Premier Western Energy Producer PERMIAN BASIN Deep Inventory of High-Return Locations Decades of drillable locations Significant upside potential from downspacing and additional prospective horizons 670,000+ net prospective acres…
RKI Acquisition: Core Delaware Basin Acreage 92,000 net acres with 12 prospective zones 670,000+ net prospective acres of stacked pay 3,600+ gross risked locations 98% of net acres held by production 22,000 Boe/d current production…
Delaware - World-Class Hydrocarbon System BELL CANYON Hydrocarbon Pay Indication Delaware Mountain Group CHERRY CANYON 3,000+ of stacked conventional sands 200+ vertical Delaware wells across Stateline position de-risk the play…
Strong Well Results Validate Delaware Core Position RKI Mewbourne OXY Concho RKI Burton 4 IL Fed Com 1H (4,068 lat.) Gobbler 5 B2PM State Com 1H Misty 35 Federal Com 4H ( 4,135) Lizard Pot Federal 5H (4,431) Lindsay 10-8H IP(30): 1,293…
Infrastructure Capacity in Place for Rapid Development Produced water gathering system 174 miles of pipeline 200,000 barrels per day of water gathering capacity Current gathering: 90,000 bpd Fresh water transfer system 16 miles of…
Williston: Production Up, Costs Down with EUR Increased LOE per BOE 25% production growth1 9 8.61 6 Flexible capital program /BOE 6.11 2nd rig in August and 3rd rig in November 29% Inventory of 14 drilled uncompleted wells…
San Juan Gallup: Continued Growth and Execution 300%+ production growth1 Oil Differentials Y/Y 0 -2 Efficiencies drive more wells with fewer rigs -4 Two record wells of 7.9 days -6 24% Intra-pad rig move of 0.3 days -8…
Piceance: Large-Scale Resource with Deep Potential Half the time and twice the depth Piceance Niobrara Days vs. Depth Spud May 2014: 1 mile drilled in 117 days 0 Spud April 2015: 2 mile drilled in 50 days 2,500 Niobrara technical…
WPX is an Attractive Investment Opportunity Core Acreage WPX holds core acreage in each of its basins Decades of drilling inventory with 4,600 quality drillable Deep Oil Inventory locations in the Delaware, Williston and San Juan…