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Last $4.80 USD
Change Today -0.27 / -5.33%
Volume 10.0M
As of 8:04 PM 02/5/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3500 One Williams Center

Tulsa, OK 74172

United States

Phone: 855-979-2012


WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of long-life unconventional properties. The company focuses on exploiting its natural gas reserves base and related natural gas liquids (NGLs) in the Piceance Basin of the Rocky Mountain region, and on developing and improving its oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. The company’s domestic proved reserves were 4,360 billion cubic feet of gas equivalent as of December 31, 2014. The company had 12 gross (11 net) wells in the process of being drilled. Properties The company’s principal areas of operation are the Piceance Basin in Colorado, the Williston Basin in North Dakota, and the San Juan Basin in New Mexico and Colorado. Piceance Basin The company’s Piceance Basin properties comprise its major area of concentrated development drilling. The company operates 4,742 wells in the Piceance Basin and also owns interest in 318 wells operated by others. The company holds 196,149 net acres in the Piceance Basin. During 2014, the company operated an average of 8.5 drilling rigs in the basin, including 6.2 in the Piceance Valley, 1.6 in the Piceance Highlands, and 0.7 in the Piceance Niobrara. The Piceance Basin is located in northwestern Colorado. The company’s operations in the basin are divided into two areas, such as the Piceance Valley and the Piceance Highlands. Its Piceance Valley area includes operations along the Colorado River valley and is the developed area where the company has produced consistent, repeatable results. The Piceance Highlands are those areas at higher elevations above the river valley. The company’s development activities in the basin are primarily focused on the Williams Fork section within the Mesaverde formation. Williston Basin The company owns leasehold positions of approximately 85,800 net acres in the Williston Basin. All of these properties are on the Fort Berthold Indian Reservation in North Dakota and the company is the primary operator. The company operates 177 wells in the Williston Basin and also owns interest in 19 wells operated by others. The company holds 85,483 net acres in the Williston Basin. During 2014, the company operated an average of 4.8 rigs on its Williston Basin properties. As of December 31, 2014, another 25 gross operated wells were awaiting completion. The company is developing oil reserves through horizontal drilling in the Middle Bakken and the Upper Three Forks Shale oil formations. The company’s acreage in the Williston Basin, as well as a portion of its acreage in the Piceance Basin, is leased to the company by or with the approval of the federal government or its agencies, and is subject to federal authority, the National Environmental Policy Act, the Bureau of Indian Affairs or other regulatory regimes that require governmental agencies to evaluate the environmental impacts of a proposed project on government owned lands. San Juan Basin The company’s San Juan Basin properties include holdings across the basin producing primarily from the Mesaverde, Fruitland Coal and Mancos Shale formations, which are primarily gas bearing. The company operates four units in New Mexico (Rosa, Cox Canyon, Northwest Lybrook, and South Chaco) and also operates the Northeast Chaco CA (Communitized Area), as well as various non-unit properties. The company operates in three major areas of Colorado (Northwest Cedar Hills, Ignacio, and Bondad). It operates 945 wells in the San Juan Basin and also owns interest in 2,319 wells operated by other operators in New Mexico and Colorado. The company holds approximately 134,000 net acres in the gas window of the basin. In 2014, the company announced that it executed multiple transactions to own or control approximately 53,000 additional acres in the heart of the San Juan Basin’s Gallup oil window. As of December 31, 2014, the company’s leasehold position in the oil window of the San Juan Basin was approximately 85,000 net acres of which the company owns or controls, and the company is targeting additiona

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