WPX Energy 2013 North Dakota Profile
WPX Energy 2013 North Dakota Profile Who We Are
Highlights
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations.
•P roved reserves of 80 million barrels of oil equivalent in the Bakken
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company at year-end 2011.
•P articipated in 41 new oil wells on a gross basis in 2012, compared with 25 in 2011
Our Local Story
•O ur oil production generated $29 million in tax revenue for the state last year
Tribal Relations
•O ur 2012 statewide payroll was $7.8 million
Our oil wells are located on the Fort Berthold Indian Reservation.
•C ontributed $100,000 to the state’s Housing Incentive Fund to help develop affordable housing
In 2012, we paid $86 million in royalties for our oil production on the reservation. In 2011, we paid $30 million in royalties.
In December 2010, we acquired Dakota-3 E&P Company LLC, a company that holds approximately 84,000 net acres on the Fort Berthold Indian Reservation. Our purchase represents a $949 million investment in North Dakota’s Williston Basin, where we produce more than 11,000 barrels of oil per day from the Bakken Shale. Our local offices are located in Minot and New Town. Today, we have an interest in more than 100 local wells on a gross basis.
•A pproximately 475 remaining undrilled locations on a 3P basis
•P lanning to invest $370 million to develop Bakken wells in 2013
•P articipating in industry program to protect Lake Sakakawea from risk of spills •W e have hired more than 450 vendors and service providers in North Dakota •Y ou can see our hydraulic fracturing disclosures at www.fracfocus.org
Sean Berzas is a drilling engineer for us in the Bakken Shale.
Over the past two years, we also provided grants for these tribal initiatives: •A new passenger van for the Boys & Girls Clubs of the Three Affiliated Tribes •E mergency-related equipment for Elbowoods Memorial Healthcare Center
Bakken Shale
• T he Three Affiliated Tribes employee appreciation day •R ed Sage Organization for economic development and education
We plan to run four rigs on our Bakken acreage in 2013
• T he Three Affiliated Tribes Fire Management Program • T he Little Shell and Mandaree Pow Wows
www.wpxenergy.com Minot office: 701.837.2900 © 2013 WPX Energy, Inc. All rights reserved. 0213/00001
Highlights
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations.
•P roved reserves of 80 million barrels of oil equivalent in the Bakken
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company at year-end 2011.
•P articipated in 41 new oil wells on a gross basis in 2012, compared with 25 in 2011
Our Local Story
•O ur oil production generated $29 million in tax revenue for the state last year
Tribal Relations
•O ur 2012 statewide payroll was $7.8 million
Our oil wells are located on the Fort Berthold Indian Reservation.
•C ontributed $100,000 to the state’s Housing Incentive Fund to help develop affordable housing
In 2012, we paid $86 million in royalties for our oil production on the reservation. In 2011, we paid $30 million in royalties.
In December 2010, we acquired Dakota-3 E&P Company LLC, a company that holds approximately 84,000 net acres on the Fort Berthold Indian Reservation. Our purchase represents a $949 million investment in North Dakota’s Williston Basin, where we produce more than 11,000 barrels of oil per day from the Bakken Shale. Our local offices are located in Minot and New Town. Today, we have an interest in more than 100 local wells on a gross basis.
•A pproximately 475 remaining undrilled locations on a 3P basis
•P lanning to invest $370 million to develop Bakken wells in 2013
•P articipating in industry program to protect Lake Sakakawea from risk of spills •W e have hired more than 450 vendors and service providers in North Dakota •Y ou can see our hydraulic fracturing disclosures at www.fracfocus.org
Sean Berzas is a drilling engineer for us in the Bakken Shale.
Over the past two years, we also provided grants for these tribal initiatives: •A new passenger van for the Boys & Girls Clubs of the Three Affiliated Tribes •E mergency-related equipment for Elbowoods Memorial Healthcare Center
Bakken Shale
• T he Three Affiliated Tribes employee appreciation day •R ed Sage Organization for economic development and education
We plan to run four rigs on our Bakken acreage in 2013
• T he Three Affiliated Tribes Fire Management Program • T he Little Shell and Mandaree Pow Wows
www.wpxenergy.com Minot office: 701.837.2900 © 2013 WPX Energy, Inc. All rights reserved. 0213/00001
