
WPX Oil Ramping Up Fast
Oil output comes in 5 MBOPD above expectations WPX Energy (ticker: WPX) announced second quarter results last week, showing a net loss of $83 million, or ($0.21) per share. WPX produced 125 MBOEPD in Q2, continuing the company’s recent pro forma growth. This quarter’s output is up 65% from Q2 2017 and represents 22% growth compared to Q1 2018. WPX