TULSA, Okla.–(BUSINESS WIRE)–WPX Energy (NYSE: WPX) has promoted Clay M. Gaspar to Senior Vice President and Chief Operating Officer, effective Nov. 2, 2015.
“We highly value the passion for excellence he brings to our company and the positive impact he’s making on our entire organization.”
Gaspar joined WPX in October 2014 as Senior Vice President of Operations and Resource Development. Under Gaspar’s leadership, WPX has significantly decreased its development costs and operating expenses in support of the company’s plan to increase margins.
“Clay has earned this recognition,” said Rick Muncrief, president and chief executive officer. “We highly value the passion for excellence he brings to our company and the positive impact he’s making on our entire organization.”
Gaspar has excelled with change management, leading the company’s operations through a number of transitions including divestitures, WPX’s acquisition in the Permian Basin, an office consolidation and the recruitment of additional technical talent.
He is a member of The Society of Petroleum Engineers and has a bachelor’s degree in petroleum engineering from Texas A&M and a master’s degree in petroleum and geosciences engineering from The University of Texas.
Prior to WPX, he worked for Newfield Exploration, Anadarko Petroleum and Mewbourne Oil in a number of technical and leadership roles.
About WPX Energy, Inc.
WPX is a domestic energy producer with operations in the western United States. The company has reported double-digit oil volume growth in each of the past three years and operates more than 5,000 natural gas wells. WPX is reshaping its portfolio through more than $4 billion of acquisitions and divestitures.