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Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc.

WPX Energy, Inc. · Mar 27, 2017 · 12 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. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 1
    Scotia Howard Weil 2017 Energy Conference Rick Muncrief, Chairman & CEO March 27, 2017
  2. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 2
    WPXs Portfolio PRODUCT MIX WELL ECONOMICS Flat 54.09 Oil and 2.91 Gas1 DELAWARE NGL 16% DELAWARE 100%+ 30% GAS LONG LATERALS3 ROR2 54% 80%+ OIL DELAWARE (WCA) WILLISTON WILLISTON 70%+ NGL GAS 8% SAN JUAN GALLUP 9%…
  3. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 3
    Expanding WPXs World-Class Delaware Position PANTHER ACQUISITION OVERVIEW EDDY Added 18,000+ acres in core of Delaware Total Delaware position: 120,000 net acres 920 gross locations, including 150+ long lateral locations LEA…
  4. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 4
    THICK Hydrocarbon Stack Across Entire Acreage Position A STATE LINE LOG B EAST TYPE LOG C CENTRAL TYPE LOG D SOUTH TYPE LOG EDDY LEA NEW MEXICO TEXAS A LOVING B WINKLER C WARD REEVES D WPX OPERATED ACREAGE ACQUIRED…
  5. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 5
    Strong Acreage Position in Core of Delaware Basin at Attractive Price Selected Southern Delaware Basin Transactions in 2H 2016 PDC/Kimmeridge 8/2016 RSPP/Silver Hill 10/2016 Purchase price: 1,500 mm Purchase price: 2,544mm ANDREWS…
  6. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 6
    WPX Liquidity, Hedges and Debt Maturities STRONG LIQUIDITY STRONG HEDGE POSITION Liquidity 100% CREATES CERTAINITY FOR DRILLING3.93 PROGRAM % of Production Hedged 80% Cash and Equivalents (12/31/16) 496 3.02 60% 50.87…
  7. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 7
    Contracted Service Cost Mitigates Potential Inflation 2017 D&C COST BREAKDOWN Fluids/Cuttings/Solids Control Directional Equipment & Services Chemicals Other (Completions) Other (Drilling) of D&C costs are Sand Stimulation…
  8. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 8
    Delaware Basin: Delineation of the Wolfcamp XY C-STATE 16-1H IP 30: 1,635 BOE/D (65% OIL) DELINEATING WOLFCAMP ACROSS POSITION 90 DAY CUM: 114,338 BOE LEA WOLFCAMP XY-PECOS STATE 46-6H E. PECOS FED COM 22-14H IP 30: 1,736 BOE/D…
  9. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 9
    Williston Basin: Strong, Consistent Results WILLISTON HIGHLIGHTS 90 DAYS CUM OIL PRODUCTION FOR 2016 NEW WELLS2 100,000 90,000 39% oil growth 4Q16 vs 3Q16 80,000 70,000 4Q production 28.8 MBOE/d 60,000 50,000 Set new drilling…
  10. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 10
    San Juan Basin: Continued Strong Well Results CONTINUING TO RAISE THE BAR 21% oil growth 4Q16 vs 3Q16 300 2016 SAN JUAN GALLUP WELLS Set new basin record 250 Drilled 1.5 mile lateral in 5.8 days Strong performance on 6-well pad…
  11. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 11
    U.S. Competitive Advantage: Agile and Flexible LOW COMMODITY PRICES: Ability to focus asset base Improve cost structure Increase well performance IMPROVING COMMODITY PRICES: Better well economics More investment Continue…
  12. Scotia Howard Weil 45th Annual Energy Conference – WPX Energy, Inc. – slide 12
    Foundation in Place for Enhancing and Accelerating Value POSITIONED WILLISTON BASIN PRUDENT SAN JUAN BASIN FLEXIBLE HEADQUARTERS: TULSA DELAWARE BASIN DISCIPLINED 12

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