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Barclays CEO Energy Power Conference – WPX Energy, Inc.

WPX Energy, Inc. · Sep 3, 2019 · 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. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 1
    RICK MUNCRIEF, CHAIRMAN & CEO SEPTEMBER 3, 2019
  2. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 2
    WPX Today MARKET SNAPSHOT WILLISTON NYSE SYMBOL: WPX MARKET CAP1: 4.5B ENTERPRISE VALUE1: 6.5B HEADQUARTERS PRODUCTION (2Q): 160 MBOE/D TULSA, OK OIL GROWTH Y/Y2: 20%+ PERMIAN LEVERAGE3: 1.5x PERMIAN WILLISTON MIDSTREAM BASIN…
  3. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 3
    2019 Highlights ACCELERATING RETURN OF CAPITAL Repurchasing up to 400MM of shares over the next 24 months Reduced debt by 330MM during 2019 RECEIVED 550MM+ IN PROCEEDS WPX Sold equity interest in Whitewater/ORYX II & divested…
  4. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 4
    Shareholder Aligned Focus Driving Action in 2019 RETURNING CAPITAL TO SHAREHOLDERS AHEAD OF SCHEDULE ANNOUNCED PAID DOWN 400MM 330MM SHARE OF NET BUYBACK DEBT up to PROGRAM OVER THE NEXT 24 MONTHS YEAR-TO-DATE IN 20191…
  5. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 5
    WPX: An Attractive Investment PRODUCTION GROWTH ADJUSTED ENTERPRISE CAPITAL EFFICIENCY PER BOE/D ADDED PER DEBT ADJUSTED SHARE VALUE/EBITDAX CAGR (2018-2021)1 (2020 EST.) 40 25% 6 2019e 2020e 2021e 20% WPX 35 Excludes 2018…
  6. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 6
    Key Factors Driving Our Delaware Success TOP-TIER WELL COSTS 2-mile well costs down 22% (2018 vs. 2Q19) STRONG WELL RESULTS Growing oil production Q/Q in 2019 TECHNICAL INNOVATOR Pecos State project driving key development…
  7. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 7
    Delaware Midstream Increasing Revenues DELAWARE OIL DELAWARE GAS 66.00 3.50 64.00 WPX REALIZED PRICE INC. COMMODITY MGMT UPLIFT2 3.00 62.00 2.50 N Y M E X 60.00 2.00 58.00 1.50 56.00 1.00 54.00 0.50 52.00 0.00 50.00…
  8. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 8
    Midstream Strategy Driving Value DELAWARE MIDSTREAM PORTFOLIO OWNED & OPERATED MIDSTREAM GAS GATHERING WATER SYSTEM CATALYST JV GAS PROCESSING EDDY CRUDE GATHERING LEA NEW MEXICO TEXAS ORYX LOVING FLOW ASSURANCE…
  9. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 9
    Key Factors Driving Our Williston Success WORLD CLASS ROCK WPX acreage in core of the basin CONTROLLING COSTS Well costs in-line with guidance with room for upside GENERATING FREE CASH 2019 average type well payout is 14…
  10. Barclays CEO Energy Power Conference – WPX Energy, Inc. – slide 10
    Positioned for Sustainable Value Creation OUR PORTFOLIO PERMIAN - WILLISTON - MIDSTREAM OUR DRIVE STRONG EXECUTION - CREATE OPPORTUNITIES - REMAIN DISCIPLINED OUR FOCUS FINANCIAL DISCIPLINE - OIL GROWTH - VALUE…

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