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OGIS New York – WPX Energy, Inc.

WPX Energy, Inc. · Apr 11, 2016 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. OGIS New York – WPX Energy, Inc. – slide 1
    OGIS NEW YORK Clay Gaspar, Chief Operating Officer April 11, 2016
  2. OGIS New York – WPX Energy, Inc. – slide 2
    Strategic Transformation of WPX STRONG LIQUIDITY AND BALANCED COMMODITY MIX PORTFOLIO FOCUSED CAPITAL FLEXIBILITY IN CORE BASINS 2015: 1.0B IN DIVESTITURES (DELAWARE, WILLISTON, SAN JUAN) 1H16: 1.2B IN CASH PROCEEDS OGIS NEW…
  3. OGIS New York – WPX Energy, Inc. – slide 3
    WPX Highlights COMPLETED CLOSED PICEANCE SALE 1.0B OF DIVESTITURES IN 2015 AMENDED CREDIT FACILITY 1.2B IN CASH PROCEEDS EXPECTED 1H2016 CLOSED SAN JUAN MIDSTREAM SALE STRONG LIQUIDITY POSITION 2016 FLEXIBLE CAPITAL…
  4. OGIS New York – WPX Energy, Inc. – slide 4
    WPX Pro-Forma Liquidity, Hedges and Debt Maturities STRONG HEDGE POSITION Pro-Forma Liquidity 100% % of Production Hedged 3.79 80% Cash and Equivalents1 41 60.85 60% Senior Notes Due 20171 (304) 40% Revolver Balance 1 (355)…
  5. OGIS New York – WPX Energy, Inc. – slide 5
    WPX Acreage in the Heart of the Delaware WPX CENTRAL BASIN DELAWARE BASIN MIDLAND BASIN PLATFORM GLASSCOCK COUNTY GLASSCOCK COUNTY CULBERSON COUNTY REEEVES COUNTY REEEVES COUNTY WINKLER COUNTY WINKLER…
  6. OGIS New York – WPX Energy, Inc. – slide 6
    Overview of WPXs World-Class Delaware Position BELL CANYON 94,000 TOTAL NET WOLFCAMP CHERRY CANYON ACRES1, 60,000 NET ACRES NEAR STATELINE BRUSHY CANYON 12 PROSPECTIVE AVALON ZONES WITH 3,600++ GROSS LOCATIONS DELAWARE…
  7. OGIS New York – WPX Energy, Inc. – slide 7
    Potential for Increased EURs and Locations vs. Acquisition Assumption TOP WOLFCAMP X/Y WOLFCAMP X/Y X/Y PROVEN 750 MBOE PRODUCTIVE IN AVERAGE EUR WPXS STATELINE FOR WELLS ACREAGE WITH 2 YEARS OF PRODCUTION1 TOP WOLFCAMP A…
  8. OGIS New York – WPX Energy, Inc. – slide 8
    Technical Excellence in Action Delaware Wolfcamp A Well Cost EUR F&D Cost 43% 85% 69% REDUCTION INCREASE REDUCTION 10 1200 20.00 8 1000 15.00 800 6 600 10.00 4 400 2 5.00 200 0 0 - RKI 1 WPX 2 Vision RKI WPX Vision RKI WPX…
  9. OGIS New York – WPX Energy, Inc. – slide 9
    Wolfcamp A Wells Trending Near Vision EURs WOLFCAMP A WELLS 160 140 120 100 Cumulative(MBOE) 80 60 40 20 0 Normalized Days On Production Less than 60 Less than 180 Acquisition: 670 180+ Days Vision:…
  10. OGIS New York – WPX Energy, Inc. – slide 10
    Wolfcamp X/Y Present in Stateline Acreage 5 ANDREW EDDY 6 S LEA 7 WOLFCAMP X/Y LOCATIONS 6 Mo EUR Oil Well Name LL /ft CUM MBOE % 1 JOHNSON 44-02S-B53 WF 204H 165.7 4,621 2,033 875 68% LOVING 9 WINKLE DOROTHY WHITE…
  11. OGIS New York – WPX Energy, Inc. – slide 11
    Strong Results in Williston and San Juan Gallup 300 WILLISTON BASIN HIGHLIGHTS 250 200 Wells trending above type curve Cum (MBOE) Initial Emma Owner results 150 EMMA OWNER encouraging 100 6 WELL PAD Well cost remain low1…
  12. OGIS New York – WPX Energy, Inc. – slide 12
    Execution Core to WPX PORTFOLIO REBALANCED IN CORE BASINS ENCOURAGING RESULTS IN EACH ASSET WORLD CLASS ROCK IN DELAWARE BASIN ADDITIONAL UPSIDE IN WOLFCAMP REMAINING OPPORTUNISTIC WPX begins 2016 from a position of…
  13. OGIS New York – WPX Energy, Inc. – slide 13
    APPENDIX
  14. OGIS New York – WPX Energy, Inc. – slide 14
    WPX Hedges Updated: April 8, 2016 Q1 2016 Q2 Q4 2016 2017 Volume/Day Average Price Volume/Day Average Price Volume/Day Average Price Crude Oil (bbl) Fixed Price Swaps 30,024 61.08 29,166 60.77 22,804 50.71 Crude Oil Basis (bbl)…

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