WPX Energy CEO to Speak at Howard Weil Energy Conference
TULSA, Okla. -- March 12, 2013
WPX Energy (NYSE: WPX) Chief Executive Officer Ralph A. Hill is scheduled to
speak at the 41^st annual Howard Weil energy conference on Tuesday, March 19,
at 1:15 p.m. Central.
Hill’s presentation will be available at www.wpxenergy.com on the morning of
the event. The conference does not offer a live webcast.
WPX recently announced a 2013 capital budget of $1 billion to $1.2 billion.
Approximately 75 to 80 percent is allocated to oil and NGL resource plays,
including oil-focused exploration and development activities.
WPX also plans to drill four horizontal wells this year in the Piceance
Basin’s Niobrara Shale where the company announced a natural gas discovery
earlier this year.
The discovery well produced an initial high of 16 million cubic feet per day
and registered an average production rate of 10.6 MMcf/d over its first 60
days, despite being choked back substantially.
About WPX Energy, Inc.
WPX Energy is an exploration and production company focused on developing its
significant oil and gas reserves, particularly in the liquids-rich Piceance
Basin, the Bakken and Three Forks oil shales and the Marcellus Shale. WPX also
has domestic operations in the San Juan and Powder River basins, as well as a
69 percent interest in Apco Oil and Gas International. Go to
http://www.wpxenergy.com/investors.aspx to join our e-mail list.
This press release includes “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements, other
than statements of historical facts, included in this press release that
address activities, events or developments that the company expects, believes
or anticipates will or may occur in the future are forward-looking statements.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company. Statements
regarding future drilling and production are subject to all of the risks and
uncertainties normally incident to the exploration for and development and
production of oil and gas. These risks include, but are not limited to, the
volatility of oil, natural gas and NGL prices; uncertainties inherent in
estimating oil, natural gas and NGL reserves; drilling risks; environmental
risks; and political or regulatory changes. Investors are cautioned that any
such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the
forward-looking statements. The forward-looking statements in this press
release are made as of the date of this press release, even if subsequently
made available by WPX Energy on its website or otherwise. WPX Energy does not
undertake and expressly disclaims any obligation to update the forward-looking
statements as a result of new information, future events or otherwise.
Investors are urged to consider carefully the disclosure in our filings with
the Securities and Exchange Commission, available from us at WPX Energy, Attn:
Investor Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s
website at www.sec.gov.
WPX Energy, Inc.
Kelly Swan, 539-573-4944
David Sullivan, 539-573-9360
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