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JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc.

WPX Energy, Inc. · Jun 27, 2016 · 11 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. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 1
    J.P. Morgan Energy Equity Conference Rick Muncrief, President and CEO June 27th, 2016
  2. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 2
    Recent Highlights COMPLETED 540MM EQUITY RAISE 1.2B IN COMPLETED ASSETS SALES STRONG BALANCE SHEET PROVIDES OPTIONALITY 2016 FLEXIBLE CAPITAL PROGRAM REPURCHASED 235MM of 2017 DEBT MATURITY AMENDED CREDIT FACILITY 80% OIL…
  3. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 3
    Strategic Transformation of WPX (May 2014 May 2016) (2012) (2012) (2016) (2016) WPX is working from a position of strength; core assets, proven execution, strong balance sheet and liquidity 3
  4. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 4
    WPX Liquidity, Hedges and Debt Maturities STRONG LIQUIDITY STRONG HEDGE POSITION 100% Pro-Forma Liquidity (as of 6/22/2016) % of Production Hedged 3.93 80% Cash and Equivalents 1,060 60.35 60% Undrawn Revolver 1,025 40%…
  5. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 5
    WPX Profile: World-Class Portfolio Basin Overview WILLISTON BASIN Delaware 94,000 net acres1,2 670,000+ net effective acres 13 prospective zones 3,600++ gross locations Adding 3rd rig in October Owned and operated midstream…
  6. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 6
    WEST PEAK GUADALUPE CULBERSON COUNTY REEEVES COUNTY DELAWARE BASIN REEEVES COUNTY LOVING COUNTY 2 5 , 0 0 0 F T. WPX SANDS DELAWARE WOLFCAMP BONE SPRING LOVING COUNTY Map sourced from the West Texas…
  7. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 7
    Overview of WPXs World-Class Delaware Position BELL CANYON WOLFCAMP CHERRY CANYON 94,000 TOTAL NET ACRES1, 60,000 NET ACRES NEAR STATELINE BRUSHY CANYON AVALON DELAWARE SANDS 9,000 13 PROSPECTIVE ZONES AVALON WITH…
  8. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 8
    Permian Basin - At least 1,000 Bbl/d Wells WPX ACREAGE Sources: EIA Basin Definitions, RigData, TPH Research, DrillingInfo Peak Production based upon two-stream data normalized to 5,000 ft laterals. Select wells with Date of First…
  9. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 9
    Permian Basin - At least 1,500 Bbl/d Wells WPX ACREAGE Sources: EIA Basin Definitions, RigData, TPH Research, DrillingInfo Peak Production based upon two-stream data normalized to 5,000 ft laterals. Select wells with Date of First…
  10. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 10
    Permian Basin - At least 2,000 Bbl/d Wells WPX ACREAGE Sources: EIA Basin Definitions, RigData, TPH Research, DrillingInfo Peak Production based upon two-stream data normalized to 5,000 ft laterals. Select wells with Date of First…
  11. JP Morgan Inaugural Energy Equity Conference – WPX Energy, Inc. – slide 11
    Foundation in Place for Enhancing and Accelerating Value PORTFOLIO REBALANCED IN CORE BASINS ENCOURAGING RESULTS IN EACH ASSET WORLD-CLASS ROCK IN DELAWARE AND WILLISTON BASINS ADDITIONAL UPSIDE IN WOLFCAMP STRONG BALANCE…

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