WPX Energy 2013 Overview
WPX Energy 2013 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. We have three decades of experience in our industry.
We’re based in Tulsa, Okla., with a regional office in Denver. Highlights include:
At year-end 2012, we had total proved reserves of 4.65 trillion cubic feet equivalent. We also have 16,600 gross remaining undrilled domestic locations on a 3P basis. Today, we produce more than 1 billion cubic feet of natural gas per day. Our gas production last year was 1,105 MMcf per day. Oil and natural gas liquids also represent 20 percent of our total volumes. We produced 47,000 barrels per day of these liquids last year and grew our oil production in the Bakken Shale by 98 percent. 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 $1.0 - $1.2 billion in 2013 •P lanning to deploy an average of 11 rigs in 2013 •1 0 of the 11 rigs are scheduled to work in oil and natural gas liquids resource plays
Jeff Kirtland helps oversee our rig tours in Colorado’s Piceance Basin.
•E xpecting to drill more than 200 gross operated wells in 2013
Awards & Highlights
•2 013 capital includes four more horizontal wells in the Niobrara Shale where we made a natural gas discovery
WPX has received more than 30 national, state, local and industry awards for responsible development. These honors include:
•P lanning eight exploratory oil wells in 2013
•S ix awards in 2012 for our operations in Colorado, New Mexico and North Dakota
•W PX is focused on efficiency. Our new record drilling times are 3.7 days in the Piceance, 10.8 days in the Marcellus and 25 days in the Bakken.
•A Best Management Practices award from the national Bureau of Land Management
• More than 1,200 employees •6 9 percent ownership interest in Apco Oil and Gas International Inc.
Natural Gas Oil
Bakken Shale
Natural Gas/NGLs
Powder River Basin Marcellus Shale Piceance Basin San Juan Basin
•H ydrocarbon Producer of the Year from Platts’ Global Energy Awards ontinuing Excellence Award, presented •C by the U.S. EPA Natural Gas STAR program •B usiness of the Year, presented by the Grand Junction Chamber of Commerce utstanding Operations honors •O from the Colorado Oil and Gas Conservation Commission •N orth America’s Best Field Rejuvenation, presented by Oil & Gas Investor ecognition from the New Mexico BLM •R for protecting deer and fish habitat • 100 percent drilling success rate in 2012
www.wpxenergy.com | NYSE:WPX © 2013 WPX Energy, Inc. All rights reserved. 0213/00001
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. We have three decades of experience in our industry.
We’re based in Tulsa, Okla., with a regional office in Denver. Highlights include:
At year-end 2012, we had total proved reserves of 4.65 trillion cubic feet equivalent. We also have 16,600 gross remaining undrilled domestic locations on a 3P basis. Today, we produce more than 1 billion cubic feet of natural gas per day. Our gas production last year was 1,105 MMcf per day. Oil and natural gas liquids also represent 20 percent of our total volumes. We produced 47,000 barrels per day of these liquids last year and grew our oil production in the Bakken Shale by 98 percent. 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 $1.0 - $1.2 billion in 2013 •P lanning to deploy an average of 11 rigs in 2013 •1 0 of the 11 rigs are scheduled to work in oil and natural gas liquids resource plays
Jeff Kirtland helps oversee our rig tours in Colorado’s Piceance Basin.
•E xpecting to drill more than 200 gross operated wells in 2013
Awards & Highlights
•2 013 capital includes four more horizontal wells in the Niobrara Shale where we made a natural gas discovery
WPX has received more than 30 national, state, local and industry awards for responsible development. These honors include:
•P lanning eight exploratory oil wells in 2013
•S ix awards in 2012 for our operations in Colorado, New Mexico and North Dakota
•W PX is focused on efficiency. Our new record drilling times are 3.7 days in the Piceance, 10.8 days in the Marcellus and 25 days in the Bakken.
•A Best Management Practices award from the national Bureau of Land Management
• More than 1,200 employees •6 9 percent ownership interest in Apco Oil and Gas International Inc.
Natural Gas Oil
Bakken Shale
Natural Gas/NGLs
Powder River Basin Marcellus Shale Piceance Basin San Juan Basin
•H ydrocarbon Producer of the Year from Platts’ Global Energy Awards ontinuing Excellence Award, presented •C by the U.S. EPA Natural Gas STAR program •B usiness of the Year, presented by the Grand Junction Chamber of Commerce utstanding Operations honors •O from the Colorado Oil and Gas Conservation Commission •N orth America’s Best Field Rejuvenation, presented by Oil & Gas Investor ecognition from the New Mexico BLM •R for protecting deer and fish habitat • 100 percent drilling success rate in 2012
www.wpxenergy.com | NYSE:WPX © 2013 WPX Energy, Inc. All rights reserved. 0213/00001
