Edition:
United States

WPX Energy Inc (WPX.N)

WPX.N on New York Stock Exchange

10.59USD
4:02pm EDT
Change (% chg)

$0.38 (+3.72%)
Prev Close
$10.21
Open
$10.46
Day's High
$10.70
Day's Low
$10.46
Volume
2,030,205
Avg. Vol
2,047,666
52-wk High
$16.17
52-wk Low
$8.40

Latest Key Developments (Source: Significant Developments)

WPX agrees to form JV to develop Permian midstream assets
Tuesday, 13 Jun 2017 06:00am EDT 

June 13 (Reuters) - Wpx Energy Inc :WPX agrees to form JV to develop Permian midstream assets.WPX to receive $300mm cash, $132mm capital carry and retain 50 pct ownership in $850mm+ entity at closing.WPX secured additional takeaway capacity for its Delaware Basin natural gas volumes and an equity position in related pipeline.Howard Energy Partners will finish constructing JV assets and serve as operator.Transaction implies a value of $863 million for stateline oil gathering and gas processing projects.Howard Energy Partners to fund first $263 million of JV capital expenditures, including a $132 million carry for co.WPX has a 50 percent voting interest in joint venture and operational influence.Parties expect to complete first 200 MMCF/D train for cryogenic natural gas processing complex in first half of 2018.Trunkline is designed to have a capacity of approximately 125,000 barrels of oil per day.Parties plan to add a second train to double capacity for cryogenic natural gas processing complex by middle of 2019.  Full Article

Wpx Energy reports Q1 earnings per share $0.22
Wednesday, 3 May 2017 04:14pm EDT 

May 3 (Reuters) - Wpx Energy Inc :Wpx Energy reports 1q 2017 results.Q1 earnings per share $0.22.Q1 earnings per share view $-0.17 -- Thomson Reuters I/B/E/S.Qtrly oil and ngl sales of $209 million accounted for 83 percent of wpx's first-quarter 2017 total product revenues of $253 million.Wpx energy inc - first-quarter oil volumes of 46,100 barrels per day.Current production is approximately 55,000 bbl/d following startup of 14 new wells that began flowback in april..Wpx Energy Inc - permian midstream jv process on track with agreement expected midyear.Wpx Energy Inc- total company production volumes of 90.0 mboe/d in first-quarter 2017 were up 1 percent versus. Fourth-Quarter 2016.  Full Article

Point72 Asset Management reports a 5.2 pct passive stake in WPX Energy
Wednesday, 12 Apr 2017 05:35pm EDT 

Wpx Energy Inc :Point72 Asset Management reports a 5.2 pct passive stake in WPX Energy as of April 11.  Full Article

WPX Energy Q4 adjusted loss per share $0.16
Wednesday, 22 Feb 2017 04:14pm EST 

WPX Energy Inc : WPX Energy reports 4Q and full-year 2016 results . Q4 adjusted loss per share $0.16 . Q4 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S . Q4 loss per share $0.51 . Q4 adjusted loss per share $0.82 from continuing operations . WPX Energy Inc - fourth-quarter 2016 oil production averaged 44,700 barrels per day, which was 15 percent higher than Q3 . WPX Energy Inc - total company production volumes of 88.7 mboe/d in fourth-quarter 2016 were up 9 percent versus. A year ago . WPX Energy Inc - 2017 budget for drilling and completions is $870-$940 million to support a 10-rig program . WPX Energy Inc says expects total production in 2017 of 103-113 mboe/d, including 52-56 mbbl/d of oil . WPX Energy Inc says projected 2017 oil volumes represent 30 percent growth versus. 2016 . WPX Energy Inc - plans to spend an additional $35-$45 million to continue build out of its oil gathering system in basin in 2017 .WPX Energy-plans to invest $480-$510 million in delaware this year on a pro forma basis to complete an estimated 85-100 wells.  Full Article

Selz Capital LLC reports 7.1 pct stake in WPX Energy as of Dec 31 - SEC Filing
Wednesday, 11 Jan 2017 07:03am EST 

WPX Energy Inc :Selz Capital LLC reports 7.1 percent passsive stake in WPX Energy Inc as of Dec 31, 2016 - SEC Filing.  Full Article

WPX Energy board adds chairman's title to company's CEO
Tuesday, 13 Dec 2016 04:10pm EST 

WPX Energy Inc : WPX Energy Inc - William G. Lowrie to become lead independent director . WPX Energy Inc - muncrief succeeds william g. Lowrie, who will become board's lead independent director . WPX Energy Inc - unanimously elected richard e. "rick" muncrief as it next chairman, effective Jan. 1, 2017 .WPX Energy board adds chairman's title to company's ceo.  Full Article

Wellington Management Group reports passive stake of 10.61 pct in WPX Energy - SEC filing
Tuesday, 9 Aug 2016 10:22am EDT 

Wellington Management Group LLP:Wellington Management Group LLP reports passive stake of 10.61 pct in WPX Energy Inc as of July 29 - SEC filing.  Full Article

WPX Energy raises estimate for net resource potential in delaware to 2.4 bln boe
Wednesday, 3 Aug 2016 04:10pm EDT 

Wpx Energy Inc : Q2 loss per share $0.68 . Q2 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S . Total company production volumes were 85.2 Mboe per day in Q2 . Wpx is tightening range for its expected commodity price differentials in 2016 .Raises estimate for net resource potential in delaware to 2.4 billion boe.  Full Article

WPX Energy enters stock conversion agreements
Thursday, 21 Jul 2016 06:07am EDT 

Wpx Energy Inc : Preferred holders agreed to convert aggregate of 2.2 million shares of preferred stock into 10.2 million shares of co common stock in conversion . Entered into conversion agreements with certain existing beneficial owners of its 6.25 pct series a mandatory convertible preferred stock .Company has agreed to make an aggregate cash payment to preferred holders in an amount expected to be approximately $9 million.  Full Article

WPX Energy Inc prices public offering of 49.5 mln shares for total gross proceeds (before estimated expenses) of about $485 mln
Monday, 6 Jun 2016 09:35am EDT 

Wpx Energy Inc : Priced a public offering of 49.5 million shares for total gross proceeds (before estimated expenses) of approximately $485 million. . WPX intends to grant underwriters a 30-day option to purchase up to an additional 7,425,000 shares of wpx's common stock .WPX Energy announces pricing of common stock offering.  Full Article

UPDATE 1-WPX forms JV to develop midstream assets in Permian basin

June 13 U.S. oil and gas producer WPX Energy Inc said it had agreed to form a joint venture with privately held Howard Energy Partners to develop oil gathering and natural gas processing infrastructure in the Permian basin.