WPX Energy 2014 North Dakota Profile
WPX Energy 2014 North Dakota Profile Who We Are
Highlights
WPX Energy specializes in producing oil, natural gas and natural gas liquids from non-conventional resources such as tight-sands and shale formations.
•P roved reserves of 105 million barrels of oil equivalent in the Bakken
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company two years ago.
•P articipated in 51 new oil wells in 2013 and 41 in 2012
Our Local Story
•O ur oil production generated $47 million in tax revenue for the state last year
Tribal Relations
•O ur 2013 statewide payroll was $8.5 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 2013, we paid $109 million in royalties for our oil production on the reservation. In 2012, we paid $86 million in royalties.
In December 2010, we acquired Dakota-3 E&P Company LLC, a company that holds approximately 80,000 net acres on the Fort Berthold Indian Reservation. Our purchase represents a $949 million investment in North Dakota’s Williston Basin, where we produce 15,000 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.
•P lanning to invest $580 - $600 million for drilling in North Dakota in 2014
•W e plan to complete more than 60 new oil wells in 2014
•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.
We also have 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 • T he Three Affiliated Tribes employee appreciation day
Bakken Shale
•R ed Sage Organization for economic development and education • T he Three Affiliated Tribes Fire Management Program
Running up to 5 drilling rigs in 2014
•O SHA safety training at Fort Berthold Community College
www.wpxenergy.com Minot office: 701.837.2900 © 2014 WPX Energy, Inc. All rights reserved. 0314/00001
Highlights
WPX Energy specializes in producing oil, natural gas and natural gas liquids from non-conventional resources such as tight-sands and shale formations.
•P roved reserves of 105 million barrels of oil equivalent in the Bakken
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company two years ago.
•P articipated in 51 new oil wells in 2013 and 41 in 2012
Our Local Story
•O ur oil production generated $47 million in tax revenue for the state last year
Tribal Relations
•O ur 2013 statewide payroll was $8.5 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 2013, we paid $109 million in royalties for our oil production on the reservation. In 2012, we paid $86 million in royalties.
In December 2010, we acquired Dakota-3 E&P Company LLC, a company that holds approximately 80,000 net acres on the Fort Berthold Indian Reservation. Our purchase represents a $949 million investment in North Dakota’s Williston Basin, where we produce 15,000 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.
•P lanning to invest $580 - $600 million for drilling in North Dakota in 2014
•W e plan to complete more than 60 new oil wells in 2014
•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.
We also have 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 • T he Three Affiliated Tribes employee appreciation day
Bakken Shale
•R ed Sage Organization for economic development and education • T he Three Affiliated Tribes Fire Management Program
Running up to 5 drilling rigs in 2014
•O SHA safety training at Fort Berthold Community College
www.wpxenergy.com Minot office: 701.837.2900 © 2014 WPX Energy, Inc. All rights reserved. 0314/00001
