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Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc.

WPX Energy, Inc. · Sep 6, 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. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 1
    Barclays Global CEO-Energy Power Conference Rick Muncrief, Chairman & CEO September 6th, 2017
  2. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 2
    2017- Continuing to Execute OPERATIONAL TRANSACTIONAL Increasing 2017 annual oil growth Announced Permian Midstream JV guidance from 30% to 40% agreement which includes upfront cash and capital carry 3rd Bone Spring well 30-day…
  3. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 3
    WPX 2018 Strategic Goals BELOW 2.5X 35%-45% GROWTH NET DEBT/EBITDAX BY YE 2018 WITH FLAT RIG COUNT IN 20182 300-400MM FREE CASH FLOW IN NON-CORE ASSET SALES BY YE 20181 NEUTRAL BY YE 2018 1 Includes San Juan legacy operated…
  4. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 4
    Large Inventory with Commodity Optionality WILLISTON MULTI-DECADE DEVELOPMENT POTENTIAL GROSS LOCATIONS IN 7,300 SAN JUAN GALLUP DELAWARE, WILLISTON & SAN JUAN GALLUP DELAWARE PORTFOLIO HIGH BALANCED HIGH OF OPTIONS OIL…
  5. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 5
    WPX: Current Commodity Mix and Inventory Depth CURRENT GROSS 460 COMMODITY MIX1 LOCATIONS RIG YEARS2 CURRENT COMMODITY MIX1 7,300+2 11% 13% 11% 40% 55% 43% 32% 46% 49% OIL HIGH OIL MIX HIGH OIL MIX GAS HIGH GAS MIX HIGH…
  6. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 6
    Shift to a More Balanced Commodity Mix OIL VOLUMES 16,200 BPD GROWTH CAGR 58,500 BPD 2013 OIL OUTPUT1 38% 2017 EST. OIL OUTPUT 100% 90% 80% 70% COMMODITY MIX 60% 50% 40% 30% 20% 10% 0% 2013 2014 2015 2016…
  7. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 7
    Staying Ahead in Securing Infrastructure in the Delaware GATHERING REGIONAL END MARKET OIL CRUDE GATHERING SYSTEM SIGNED CRUDE TAKEAWAY SIGNED AGREEMENT TO AGREEMENT WITH ORYX WITH GULF COAST OWNERSHIP STAKE GAS GAS…
  8. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 8
    Delaware Overview DELAWARE BASIN OPERATIONAL UPDATE 135,000 net acres 6,400+ gross locations1,2 Drilled 8 zones YTD 50% oil/20% NGLS/30% gas3 Validated 330 spacing in Stateline U/L Wolfcamp A CHAVES Drilled first 3rd Bone Spring…
  9. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 9
    Williston Overview 250 2017 WELL PERFORMANCE WILLISTON BASIN 200 AVERAGE BY PAD 85,000 net acres 150 570 gross locations CUM MBOE 87% oil/7% NGLS/6% gas1 100 50 BURKE DIVIDE 0 0 30 60 90 120 150 180 DAYS ON…
  10. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 10
    San Juan Overview 100 2Q WELL RESULTS SAN JUAN BASIN 90 ADJUSTED FOR LATERAL LENGTH (7,500) 80 235,000 net acres 70 4,635 gross locations1 CUM OIL MBBLS 60 30% oil/12% NGLS/58% gas2 50 40 LA PLATA ARCHULETA 30…
  11. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 11
    WPX Liquidity, Hedges and Debt Maturities STRONG LIQUIDITY STRONG HEDGE POSITION Liquidity 100% CREATES CERTAINTY FOR DRILLING3.93 PROGRAM % of Production Hedged 80% Cash and Equivalents (6/30/2017) 8 60% 50.26 3.02 Revolver…
  12. Barclays CEO Energy 2017 Power Conference – WPX Energy, Inc. – slide 12
    WPX Strategic Focus Operational Execution Financial Discipline Value-Driven Growth 12

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