wpx 3q fact sheet
WPX Energy 2012 Company Overview Who We Are
Quick Facts
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations, as well as from coal-bed methane reserves. We have three decades of experience in our industry.
We’re based in Tulsa, Okla., with a regional office in Denver. Highlights include:
Today, we produce more than 1 billion cubic feet of natural gas per day. Our third-quarter 2012 gas production was 1,078 MMcf/d. Oil and natural gas liquids also represent about 20 percent of our total volumes. Our oil production in the Bakken Shale increased 66 percent in the third quarter to 9,600 bbl/d vs. a year ago. Previously, WPX Energy was a wholly owned subsidiary of Williams. We became a separate, independent company at year-end 2011. We are included in the S&P 500 Index.
•E xpected capital spending of $1.45 - $1.5 billion in 2012 •A majority of 2012 capital is going to oil and NGL areas •2 013 rate-of-return based capital allocation process is under way •5 .2 trillion cubic feet equivalent in natural gas, NGL and oil reserves •1 .35 billion cubic feet equivalent of total daily production •4 7,000 barrels per day of NGL and oil production • Nearly 1.6 million net acres under lease •P articipated in 1,241 gross wells in 2011; 99 percent success rate
Brad Campbell and Joel Richmond support WPX in the Marcellus Shale.
Honors & Awards WPX has received 32 national, state, local and industry awards for responsible development. These honors include: •S ix awards in 2012 for our operations in Colorado, New Mexico and North Dakota •A Best Management Practices award from the national Bureau of Land Management
• More than 1,200 employees
•H ydrocarbon Producer of the Year from Platts’ Global Energy Awards
•6 9 percent ownership interest in Apco Oil and Gas International Inc.
•C ontinuing Excellence Award, presented by the U.S. EPA Natural Gas STAR program •B usiness of the Year, presented by the Grand Junction Chamber of Commerce
Natural Gas Oil
Bakken Shale
Natural Gas/NGLs
Powder River Basin Marcellus Shale Piceance Basin San Juan Basin
•O utstanding Operations honors from the Colorado Oil and Gas Conservation Commission •N orth America’s Best Field Rejuvenation, presented by Oil & Gas Investor •R ecognition from the New Mexico BLM for protecting deer and fish habitat
www.wpxenergy.com | NYSE:WPX © 2012 WPX Energy, Inc. All rights reserved. 1212/00001
Quick Facts
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations, as well as from coal-bed methane reserves. We have three decades of experience in our industry.
We’re based in Tulsa, Okla., with a regional office in Denver. Highlights include:
Today, we produce more than 1 billion cubic feet of natural gas per day. Our third-quarter 2012 gas production was 1,078 MMcf/d. Oil and natural gas liquids also represent about 20 percent of our total volumes. Our oil production in the Bakken Shale increased 66 percent in the third quarter to 9,600 bbl/d vs. a year ago. Previously, WPX Energy was a wholly owned subsidiary of Williams. We became a separate, independent company at year-end 2011. We are included in the S&P 500 Index.
•E xpected capital spending of $1.45 - $1.5 billion in 2012 •A majority of 2012 capital is going to oil and NGL areas •2 013 rate-of-return based capital allocation process is under way •5 .2 trillion cubic feet equivalent in natural gas, NGL and oil reserves •1 .35 billion cubic feet equivalent of total daily production •4 7,000 barrels per day of NGL and oil production • Nearly 1.6 million net acres under lease •P articipated in 1,241 gross wells in 2011; 99 percent success rate
Brad Campbell and Joel Richmond support WPX in the Marcellus Shale.
Honors & Awards WPX has received 32 national, state, local and industry awards for responsible development. These honors include: •S ix awards in 2012 for our operations in Colorado, New Mexico and North Dakota •A Best Management Practices award from the national Bureau of Land Management
• More than 1,200 employees
•H ydrocarbon Producer of the Year from Platts’ Global Energy Awards
•6 9 percent ownership interest in Apco Oil and Gas International Inc.
•C ontinuing Excellence Award, presented by the U.S. EPA Natural Gas STAR program •B usiness of the Year, presented by the Grand Junction Chamber of Commerce
Natural Gas Oil
Bakken Shale
Natural Gas/NGLs
Powder River Basin Marcellus Shale Piceance Basin San Juan Basin
•O utstanding Operations honors from the Colorado Oil and Gas Conservation Commission •N orth America’s Best Field Rejuvenation, presented by Oil & Gas Investor •R ecognition from the New Mexico BLM for protecting deer and fish habitat
www.wpxenergy.com | NYSE:WPX © 2012 WPX Energy, Inc. All rights reserved. 1212/00001
