May sell pipeline interests to fund additional CapEx
WPX Energy (ticker: WPX) announced third quarter results today, showing a net loss of $7 million, or ($0.01) per share. This loss was due to WPX’s derivative losses, as if these and other special charges are excluded the company earned an adjusted $29 million in Q3.

WPX produced 123.8 MBOEPD in Q3, up 60% from this time last year but down 1% from Q2. Theis drop is due to several factors. Many of the company’s Bakken wells came online late in the quarter, meaning they did not have a significant effect on Q3 output. The production from these wells will, instead, be noticed in Q4. Additionally, capacity and fractionation constraints impacted the company’s NGL production in the Delaware. ...


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