J.P. Morgan 2017 Energy Equity Conference Clay Gaspar, Chief Operating Officer June 26, 2017
WPX Positioned for Success in 2017 and Beyond STRATEGIC ACTIONS TAKEN: High-graded portfolio Locked in strong hedge position BELOW 2.5x NET DEBT/EBITDAX BY YE 2018 Maintained solid liquidity Contracted service costs Signed…
WPX Portfolio DELAWARE BASIN WILLISTON BASIN SAN JUAN BASIN 135,000 net acres 85,000 net acres 235,000 net acres 6,400+ gross locations1,2 570 gross locations 4,635 gross locations2 PORTFOLIO WORLD-CLASS ROCK SIGNIFICANT…
WPX Delaware Midstream Infrastructure Overview JOINT VENTURE HIGHLIGHTS RETAINED BY WPX ACREAGE DEDICATION WATER SYSTEM 50,000 ACRES 850MM+ valuation for the entity GAS GATHERING No drilling or volume commitment WPX receiving…