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JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc.

WPX Energy, Inc. · Jun 18, 2018 · 10 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 2018 Energy Equity Conference – WPX Energy, Inc. – slide 1
    J.P. MORGAN ENERGY CONFERENCE June 18, 2018
  2. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 2
    WPX Today MARKET SNAPSHOT1 WILLISTON NYSE SYMBOL: WPX MARKET CAP: 7.4B ENTERPRISE VALUE: 9.7B HEADQUARTERS PRODUCTION (1Q): 102.7 MBOE/D TULSA, OK OIL GROWTH Y/Y5: 49% DELAWARE DELAWARE BASIN WILLISTON BASIN MIDSTREAM…
  3. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 3
    Crude Takeaway - Access to Premium Markets MAY-DEC 2018 Unhedged 2% Firm CUSHING Midland Sales Brent Hedged2 39% 27% ORYX II Cushing-WTI Gulf Coast1 MIDLAND 10% 22% HOUSTON FY 2019 Unhedged CORPUS 7% CHRISTI…
  4. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 4
    Gas Takeaway Creates Flow Assurance MAY-DEC 2018 Firm Sales/Hedge Houston Volumes Ship 41% Channel 59% STATELINE ATMOS AGREEMENT ACREAGE UP TO 200,000 MMBTU/D WAHA FROM WAHA TO KATY, TX HOUSTON SHIP FY 2019 CHANNEL…
  5. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 5
    A Step Ahead: Supply Chain Management MITIGATING RISKS THROUGH SUPPLY CHAIN HHP SAND RIGS WATER 3 crews locked in 12 portable sand silos (5MM LBS) Combination of By YE18, WPX will at negotiated Loving, NM sand silo (36MM LBS)…
  6. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 6
    2018 Delaware Basin 400 CBR 6-7 PAD SHIFTING TO LONG LATERALS LINDSAY 400 10-15 PAD 300 300 EDDY CUM MBOE LEA CUM MBOE 200 NM 200 TX 100 LOVING 100 CULBERSON REEVES 0 0 0 30 60 90 120 150 180 0 30 60 90…
  7. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 7
    2018 Williston Basin 140 NORTH SUNDAY ISLAND ARIKARA PAD EARLY TIME PERFORMANCE 120 MOUNTRAIL 100 CUM MBOE 80 60 40 DUNN 20 0 0 10 20 30 40 50 60 70 80 90 Normalized Days on Production Mandan North &…
  8. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 8
    Portfolio Transformation Driving High Margins 28 Unhedged Adjusted EBITDAX Per BOE Shifting Commodity Mix 26 69% MARGIN INCREASE 24 2017 1Q17 to 1Q18 Excluding San Juan WTI Increased 20% during this period Unhedged EBITDAX per…
  9. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 9
    WPX: Positioned for Long-Term Value Creation FINANCIAL OIL STRENGTH FOCUSED LEVERAGE OF 1.5X DURING 2019 150 MBBL/D DURING 2022 MIDSTREAM DEEP OPTIONALITY INVENTORY VALUE CREATION/FLOW ASSURANCE OF HIGH RETURNS 9
  10. JP Morgan 2018 Energy Equity Conference – WPX Energy, Inc. – slide 10
    WPX Delaware Midstream Infrastructure Overview ASSETS INCLUDED IN JV RETAINED BY ACREAGE WPX DEDICATION Crude Gathering System: 50,000 ACRES JV AGREEMENT 125,000 Bbl/d WATER SYSTEM No drilling or volume GAS PROCESSING GAS GATHERING…

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