Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
Current WPX Stock Info

Richard E. Muncrief, President and Chief Executive Officer of WPX Energy (NYSE: WPX), presented today at EnerCom’s The Oil & Gas Conference 20®.

WPX Energy develops and operates oil and gas producing properties in North Dakota, New Mexico and Colorado. The company has a long history of innovation and stakeholder engagement, recognized through more than 40 local, state, federal and industry awards. It announced the $2.75 billion acquisition of Permian Basin properties in July and closed on the acreage the day before its presentation at TOGC.

In the company’s second quarter operational update, WPX reported lower D&C and operating costs in the Williston. WPX began using coil tubing drill outs that resulted in savings of approximately $145,000 per well, and lowered its LOE in the basin to $6.11 per BOE – 29% lower than one year ago.

During the company’s breakout session, management was asked the following questions:

  • How do you see your overall liquidity in the Bakken assets?
  • What methodology do you use for developing those assets?
  • Can you talk about your recent acquisition – what did you get with it?
  • Can you talk about your strategy in increasing proppant loading?
  • What is your view on accessing capital markets given the current instability in commodity prices?
  • What’s the well cost attached to 3 mile lateral?

Click here for the webcast.


Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.