WPX Energy presents at EnerCom’s The Oil & Gas Conference®
WPX Energy (ticker: WPX) is an energy producer with core positions in the Permian and Williston basins. WPX has made it a strong priority to create partnerships to build out takeaway capacity in the Permian Basin.
Q2 highlights
- 2Q oil volumes climbed to 80,800 bbl/d, 23% higher than 1Q
- 2Q Delaware oil volumes grew 94% vs. year ago
- 2Q Williston oil volumes up 39% vs. year ago
- 2Q total liquids, including NGLs, were approximately 100,000 bbl/d
- WPX raising 2018 oil guidance 3% to 78,000-82,000 bbl/d for full-year
- Company has already more than replaced San Juan Basin oil volumes divested in 1Q
Breakout session at the EnerCom conference
During WPX’s breakout session at the 2018 EnerCom conference, management was asked the following questions:
- Can you talk about your current expansion and well development?
- Would it be very challenging to produce different benches at the same time? Wolfcamp A-B?
- What are your targets in the next few months?
- What are your thoughts on your current NPV per well and per unit and the current designs on that?
- What are your thoughts on the midstream capital markets?
- Did you say how in your Delaware production growth you get it to the end markets?
- Can you remind us where you guys are with in-basin sand?
- Is there a certain depth or zone that you feel there is a difference where it is better to use northern white sand compared to in-basin sand?
- How/are you guys using microseismic?
- Can you give more thoughts on the processes of oil gathering?
- How much growth has there been in the Bakken?
- Are you seeing any opportunity to add on acreage to your operations?
- From an NPV standpoint, if you have quality inventory and a debt of inventory how do you fundamentally compete for capital?
- What are you seeing in a couple years down the road for future assets?
- Is there any merit or thought about switching from Delaware to the Midland Basin?
- Talking about well development, how do you address well communication?
You can listen to WPX’s presentation here.
