WPX Energy Announces Expiration and Final Results of Tender Offer for 2017 Senior Notes

WPX Energy (NYSE: WPX) announced today that its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 (the “Notes”) expired at 5 p.m., New York City time, on April 29, 2016 (the “Expiration Time”).

At the Expiration Time, $93 million aggregate principal amount – or approximately 31 percent – of outstanding Notes had been validly tendered and accepted. This amount includes $6 million aggregate principal amount of outstanding Notes tendered pursuant to guaranteed delivery procedures described in the Offer to Purchase relating to the Offer, which remain subject to the Note holders’ performance of the delivery requirements under such procedures.

As previously announced, the total purchase price offered for each $1,000 principal amount of Notes that were validly tendered and not validly withdrawn at or prior to the Expiration Time is $1,015.00, plus accrued and unpaid interest on the Notes to, but excluding, the settlement date for Notes purchased in the Offer.

Payment will be made on May 2, 2016 (other than with respect to Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, with respect to which payment is expected to be made on May 4, 2016).

About WPX Energy, Inc.

WPX is an oil-focused energy company with operations in the Permian’s Delaware Basin, the Williston Basin and the San Juan Basin. The company has reshaped its holdings through more than $5 billion of transactions and posted double-digit oil volume growth in each of the past four years.

This press release includes “forward-looking statements.” 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. 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 on its website or otherwise. WPX 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 at www.sec.gov.

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