WPX Energy (NYSE: WPX) has promoted Clay M. Gaspar to Senior Vice
President and Chief Operating Officer, effective Nov. 2, 2015.
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
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
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151026005040/en/
Copyright Business Wire 2015
Source: Business Wire
(October 26, 2015 - 7:45 AM EDT)
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