WPX Energy

WPX Energy, Inc.
Public company
Traded as NYSE: WPX
Industry Petroleum industry
Founded 2011
Headquarters Tulsa, Oklahoma, United States
Key people
 William G. Lowrie, Chairman
Richard E. Muncrief, CEO & President
J. Kevin Vann, CFO[1]
Products Petroleum
Natural gas
Natural gas liquids
Production output
 168.6 thousand barrels of oil equivalent (1,031,000 GJ) per day[1]
Revenue Decrease US$1.888 billion (2015)[1]
Decrease -US$1.639 billion (2015)[1]
Decrease -US$1.726 billion (2015)[1]
Total assets Decrease US$8.350 billion (2015)[1]
Total equity Decrease US$3.535 billion (2015)[1]
Number of employees
 1,040 (2015)[1]
Website http://www.wpxenergy.com

WPX Energy, Inc. (Williams Production and Exploration LLC)is a petroleum and natural gas exploration company headquartered in the Williams Center in Tulsa, Oklahoma.

Current operations

The company is ranked #634 on the Fortune 1000.[2]

The company's assets are primarily in the Williston Basin in North Dakota, the Permian Basin, and the San Juan Basin.

Of the company's total 2015 average production of 168.6 barrels of oil equivalent (1,031 GJ) per day, 21% was petroleum, 12% was natural gas liquids, and 67% was natural gas.[1]

As of December 31, 2015, the company had 583 million barrels of oil equivalent (3.57×109 GJ) of proved reserves, of which 24% was petroleum, 13% was natural gas liquids, and 63% was natural gas. All of the company's reserves are in the United States.[1]

History

WPX Energy, Inc. was a corporate spin-off from the Williams Companies and executed an initial public offering in 2012.[3]

In 2015, the company sold its assets in Argentina for $294 million.[4]

In 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin.[5]

In 2016, the company announced the sale of its assets in the Piceance Basin in Colorado to Terra Energy Partners for $910 million.[6]

References

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