Profile: WPX Energy Inc (WPX)
26 Jun 2017
WPX Energy, Inc., incorporated on April 19, 2011, is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. It is focused on exploiting, developing and growing its oil positions in the Delaware (a subset of the Permian Basin) and San Juan Basins in the southwestern United States and the Williston Basin in North Dakota. As of December 31, 2016, it operated 642 wells in the Delaware Basin and also owned interests in 783 wells operated by others. As of December 31, 2016, it held approximately 98,000 net acres in the Delaware Basin, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas.
The Company's activity in the Delaware Basin is primarily focused on the Wolfcamp Shale formation, the Bone Spring interval (which includes the Avalon sand and shales, and the Bone Springs sands, shales and carbonates), and the Delaware sand interval. Its interests in the Williston Basin are on the Fort Berthold Indian Reservation in North Dakota. As of December 31, 2016, it operated 229 wells in the Williston Basin and also owned interest in 91 wells operated by others. As of December 31, 2016, it held 84,579 net acres in the Williston Basin. It is engaged in developing oil reserves through horizontal drilling in the Middle Bakken and the Upper Three Forks Shale oil formations.
As of December 31, 2016, the Company's leasehold position in the oil window of the San Juan Basin was approximately 105,000 net acres. Its San Juan Basin properties also include holdings across the basin producing primarily from the Mesaverde, Fruitland Coal and Mancos Shale formations, which are primarily gas bearing. As of December 31, 2016, it operated four units in New Mexico (Rosa, Cox Canyon, Northwest Lybrook and South Chaco) and also operated the Northeast Chaco CA (Communitized Area), as well as a several of non-unit properties. As of December 31, 2016, it operated in three areas of Colorado (Northwest Cedar Hills, Ignacio and Bondad). As of December 31, 2016, it operated 1,017 wells in the San Juan Basin and also owned interests in 2,347 wells operated by other operators in New Mexico and Colorado. As of December 31, 2016, it held approximately 130,424 net acres in the gas window of the basin.
WPX Energy Inc
1 One Williams Ctr
TULSA OK 74172-0140
Company Web Links
- UPDATE 1-WPX forms JV to develop midstream assets in Permian basin
- BRIEF-WPX agrees to form JV to develop Permian midstream assets
- WPX Energy signs JV to develop oil and gas assets in Permian basin
- BRIEF-Wpx Energy reports Q1 earnings per share $0.22
- BRIEF-Point72 Asset Management reports a 5.2 pct passive stake in WPX Energy