DUG Permian Basin Conference Rick Muncrief, President and CEO May 24, 2016
Strategic TransformaAon of WPX 3
WPX Prole: Premier Assets WPX HIGHLIGHTS WILLISTON CLOSED SAN JUAN MIDSTREAM SALE BASIN CLOSED PICEANCE SALE AMENDED CREDIT FACILITY REPURCHASED 185MM OF 2017 DEBT MATURITY STRONG LIQUIDITY POSITION PROVIDES…
Williston: Results Validate Type Curve Increase Mandaree and Emma Owner Pads 300 LESS THAN 30 DAYS 250 200 EUR BOE 850 M CumulaAve MBOE UR BOE E 150 750 M 100 BASIN HIGHLIGHTS Increasing type curve to…
From Panera to the Permian WHY DELAWARE Accelerated porolio transiaon Adds premier drilling inventory Delaware is a world-class stacked oil play Management team in place for successful execuaon Corporate evoluaon paved path…
WPX Acreage in the Heart of the Delaware WPX CENTRAL1 BASIN DELAWARE1 BASIN MIDLAND1 BASIN PLATFORM CULBERSON1 COUNTY GLASSCOCK1 COUNTY GLASSCOCK1 COUNTY MIDLAND1 COUNTY MIDLAND1 COUNTY HOWARD1 COUNTY…
Overview of WPXs World-Class Delaware PosiAon BELL CANYON CHERRY CANYON BRUSHY 94,000 TOTAL NET ACRES1, 60,000 CANYON NET ACRES NEAR STATELINE 9,000 AVALON 12 PROSPECTIVE ZONES WITH 3,600++ FIRST BONE…
PotenAal for Increasing EURs and LocaAons vs. AcquisiAon AssumpAon TOP WOLFCAMP X/Y WOLFCAMP X/Y 750 MBOE X/Y PROVEN PRODUCTIVE IN WPXS AVERAGE EUR FOR STATELINE ACREAGE WELLS WITH 2 YEARS OF PRODCUTION1 TOP WOLFCAMP…
Wolfcamp A: Wells Trending Near Vision WOLFCAMP A WELLS LESS THAN 30 DAYS 300 250 GEN 1 200 CumulaAve MBOE GEN 2 E EUR ,000 MBO 1 150 OE EUR 850 MB GEN 3 E EUR 670 MBO BASIN HIGHLIGHTS 100…
ExecuAon 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 is working from a posi1on of…