Spending down 23% production growth down 8%
By Richard Rostad, analyst, Oil & Gas 360

WPX Energy (stock ticker: WPX) is tapping the brakes on its growth plans, becoming the latest oil company to moderate guidance in the face of lower oil prices.

WPX first released 2019 guidance in its Q3 earnings report in late October. WTI was $65.31 at the time, down moderately from the $76.41 reached in early October but well above both the $42.53 seen in late December and the current price of $54.48.

The sustained decline in prices has forced WPX to ...

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