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2014 RESULTS PRESS RELEASE

WPX Energy’s unaudited results for full-year 2014 reflect net income of $164 million and a 74% increase in cash margins from continuing operations.

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2014 RESULTS PRESENTATION

WPX increased oil production by 56%, posted a proved oil replacement ratio over 400% and achieved a 4% increase in equivalent production normalized for asset sales.

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3 core resource plays

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WPX IS SIMPLIFYING ITS GEOGRAPHIC FOCUS. THE WILLISTON, SAN JUAN AND PICEANCE BASINS ARE THE BUILDING BLOCKS FOR OUR multi-YEAR STRATEGY.

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WEST IS BEST

WPX’s western natural gas production is supported by established infrastructure with access to strong markets. Learn more about the supply/demand fundamentals.

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2015 Guidance Release

WPX announced a 2015 capital plan of approximately $725 million, in line with the company’s projected operating cash flow. See details in our guidance presentation.

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BALANCED OPPORTUNITIES

Our strategy is based on the oil and gas assets we currently have “under the hood.” Take a closer look at the three core areas where we’re investing.

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Inspired. Involved. We’re WPX.

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WPX is building relationships with San Juan College School of Energy. In fact, the San Juan Basin is home to our company's first natural gas properties (circa 1983). Jordan Domingo (front left) and Jerrick Sandoval (front right) are recipients of a scholarship program we support. WPX is proud to help promote our industry to young people who are considering careers in oil and gas.
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$WPX completed 253 gross #natgas wells in #PiceanceBasin in 2014, compared to 250 gross wells in 2013 http://goo.gl/6eX3ng
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WPX reduced its drilling times in the San Juan Basin's Gallup oil play by 40% last year to an average of 13.5 days per well. Now we're improving more, drilling one well in just 8.9 days already this year. Learn more about our operations results at goo.gl/6eX3ng


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3 core basins: Bakken, Piceance, San Juan

This website may contain forward-looking statements. Please review our forward-looking statement disclaimer here.

Copyright 2014 WPX Energy

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