WPX Energy
Public company | |
Traded as | NYSE: WPX |
Industry | Petroleum industry |
Founded | 2011 |
Headquarters | Tulsa, Oklahoma, United States |
Key people |
William G. Lowrie, Chairman Richard E. Muncrief, CEO & President J. Kevin Vann, CFO[1] |
Products |
Petroleum Natural gas Natural gas liquids |
Production output | 168.6 thousand barrels of oil equivalent (1,031,000 GJ) per day[1] |
Revenue | US$1.888 billion (2015)[1] |
-US$1.639 billion (2015)[1] | |
-US$1.726 billion (2015)[1] | |
Total assets | US$8.350 billion (2015)[1] |
Total equity | US$3.535 billion (2015)[1] |
Number of employees | 1,040 (2015)[1] |
Website | http://www.wpxenergy.com |
WPX Energy, Inc.is a petroleum and natural gas exploration company headquartered in the Williams Center in Tulsa, Oklahoma.
Current operations
The company is ranked #634 on the Fortune 1000.[2]
The company's assets are primarily in the Williston Basin in North Dakota, the Permian Basin, and the San Juan Basin.
Of the company's total 2015 average production of 168.6 barrels of oil equivalent (1,031 GJ) per day, 21% was petroleum, 12% was natural gas liquids, and 67% was natural gas.[1]
As of December 31, 2015, the company had 583 million barrels of oil equivalent (3.57×109 GJ) of proved reserves, of which 24% was petroleum, 13% was natural gas liquids, and 63% was natural gas. All of the company's reserves are in the United States.[1]
History
WPX Energy, Inc. was a corporate spin-off from the Williams Companies and executed an initial public offering in 2012.[3]
In 2015, the company sold its assets in Argentina for $294 million.[4]
In 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin.[5]
In 2016, the company announced the sale of its assets in the Piceance Basin in Colorado to Terra Energy Partners for $910 million.[6]
References
- 1 2 3 4 5 6 7 8 9 10 WPX Energy, Inc. 2015 Form 10-K Annual Report
- ↑ Fortune 500: WPX Energy
- ↑ "Williams Completes Spinoff Of Its Oil And Gas Production Business". NewsOn6.com. 2 Jan 2012. Retrieved 12 April 2015.
- ↑ "WPX Energy to Receive $294 Million for International Interests". Business Wire. October 3, 2014.
- ↑ "WPX Energy Completes Acquisition of Permian Producer". Business Wire. August 17, 2015.
- ↑ "WPX Energy Sells Piceance Subsdiary for $910 Million". Business Wire. February 9, 2016.