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 is developing its acreage ahead of schedule, and its oil production of 80.8 MBOPD was almost 5 MBOPD beyond guidance.

This recent growth has led WPX to boost its total 2018 outlook, and the...

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