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EnerCom Conference – WPX Energy, Inc.

WPX Energy, Inc. · Aug 19, 2014 · 16 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. EnerCom Conference – WPX Energy, Inc. – slide 1
    August 19, 2014 EnerCom Conference Rick Muncrief President & CEO, WPX Energy
  2. EnerCom Conference – WPX Energy, Inc. – slide 2
    WPX Portfolio Today Piceance Williston San Juan Appalachia Powder River Apco1 3,019 Bcfe Proved 105 MMboe Proved 517 Bcfe Proved 328 Bcfe Proved 245 Bcfe Proved 22 MMboe Proved 11,878 Bcfe 3P 176 MMboe 3P 1,645 Bcfe 3P 1,555 Bcfe 3P…
  3. EnerCom Conference – WPX Energy, Inc. – slide 3
    Industry Recognition and Awards 40+ Awards Innovation Excellence Involvement Colorado Oil and Gas Oil and Gas Investor Community Drilling Innovation Best Discovery Involvement Award Award Award The Oil & Gas Conference…
  4. EnerCom Conference – WPX Energy, Inc. – slide 4
    2nd Quarter Highlights Domestic oil production up 57% 2Q 14 vs. 2Q 13 Domestic oil production grew 23% 2Q 14 vs. 1Q 14 Adjusted EBITDAX increased 40% 2Q 14 vs. 2Q 13 Domestic oil revenue grew 60% quarter over quarter Adding nearly…
  5. EnerCom Conference – WPX Energy, Inc. – slide 5
    Piceance Basin 1 Energy Producer in Colorado More than 12,000 Excess Access to drillable locations infrastructure premium market The Oil & Gas Conference August 19, 2014 5
  6. EnerCom Conference – WPX Energy, Inc. – slide 6
    Piceance Operations Currently running 9 rigs 2nd quarter net production 691 MMcfe/d Natural gas 584 MMcf/d NGL 15.8 Mbbl/d Oil 2.0 Mbbl/d Lowest-cost operator 34% less D&C capital cost1 57% less operating lifting cost2…
  7. EnerCom Conference – WPX Energy, Inc. – slide 7
    Williston Basin 1 Williston Producer in 1- and 2-year Cumulative Production 1 10 years of drillable Operating 5 rigs 6-million-pound inventory stimulations Based on NDIC data for Middle Bakken laterals (7,500 - 12,000 ) drilled…
  8. EnerCom Conference – WPX Energy, Inc. – slide 8
    WPX is 1 in Middle Bakken Cumulative Production 1-Yr and 2-Yr Cumulative Production per Well1 Average 365-day (Based on productive days) cumulative production 250,000.00 per well of 140.9 Mbo, 64% higher than the WPX 2-Yr Cumulative…
  9. EnerCom Conference – WPX Energy, Inc. – slide 9
    San Juan Basin 1 Returns in the WPX Portfolio Rapidly growing oil Diversified Over 30 years production product mix experience The Oil & Gas Conference August 19, 2014 9
  10. EnerCom Conference – WPX Energy, Inc. – slide 10
    San Juan Gallup 2014 Well Performance Exceeding 2013 70 Avg Gross Cumulative Oil Production (Mbbl) 60 13 Wells 15 Wells 50 40% Increase 40 from 2013 to 2014 30 20 2013 Spuds 10 2014 Spuds 0 0 100 200 300 400 500 600…
  11. EnerCom Conference – WPX Energy, Inc. – slide 11
    Strategic Review Process Underway Full-scale review of entire portfolio Multi-year strategy Measurable strategy Strategy to be unveiled this fall The Oil & Gas Conference August 19, 2014 11
  12. EnerCom Conference – WPX Energy, Inc. – slide 12
    Historical Commodity Snapshot In recent years, oil and natural gas have been range bound Since 2011, 81% of days were over 90/bbl; 87% of days were under 105 Since 2011, 81% of days were over 3/MBtu; 98% of days were under 5…
  13. EnerCom Conference – WPX Energy, Inc. – slide 13
    Western Prices Have Increased Relative to Eastern Locations 0.50 West Basis Strengthening1 East Basis Weakening2 0.33 0.00 (0.18) (0.14) (0.21) per MMBtu -0.50 -1.00 (1.02) -1.50 (1.74) -2.00 3 3 2007 to…
  14. EnerCom Conference – WPX Energy, Inc. – slide 14
    Shifting to Pure Play E&P Mindset View Asset More We are building Nimble Base in New Way one culture, one organization, Focus on Greater Risk one mission. Profitability Tolerance The Oil & Gas Conference August 19, 2014…
  15. EnerCom Conference – WPX Energy, Inc. – slide 15
    WPX Long-Term Vision Coming Into Focus Company Strategy Integrity Scalability Identity The Oil & Gas Conference August 19, 2014 15
  16. EnerCom Conference – WPX Energy, Inc. – slide 16
    The Oil & Gas Conference August 19, 2014 16

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