Oil, Gas and Consumable Fuels
Company Overview of WPX Energy, Inc.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties. Its principal areas of operation include Piceance Basin, Bakken Shale, Marcellus Shale, Powder River Basin, and San Juan Basin in the United States. The company, through its 69% ownership interests in Apco Oil and Gas International Inc., holds oil and gas concessions in Argentina and Colombia. As of December 31, 2012, the company had proved reserves of 4,650 billion cubic feet of gas equivalent (Bcfe) comprising 4,491 Bcfe of domestic reserves and 159 Bcfe of international reserves. WPX Energy, Inc. is headquartered in Tulsa, Oklah...
One Williams Center
Tulsa, OK 74172-0172
Key Executives for WPX Energy, Inc.
Chief Executive Officer
Total Annual Compensation: $750.0K
Chief Financial Officer
Total Annual Compensation: $370.0K
Senior Vice President of Operations
Total Annual Compensation: $355.0K
Senior Vice President and General Counsel
Total Annual Compensation: $488.0K
Senior Vice President of Business Development and Land
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2012.
WPX Energy, Inc. Key Developments
WPX Energy, Inc. Announces Management Changes
Dec 17 13
WPX Energy, Inc. announced that Ralph A. Hill will step down as president, chief executive officer and board member of the company and that the board of directors has appointed James J. Bender as interim president, CEO and board member, effective Dec. 31, 2013. Hill will remain with the company through March 31, 2014, to assist with the transition of his duties. Bender served as the company's senior vice president and general counsel and as a member of the company's executive leadership team since the company spun off from Williams. Prior to the company, Bender served for nine years as senior vice president and general counsel of Williams. Bender will serve as the interim CEO until the selection process is complete. Dennis C. Cameron will replace Bender as the company's senior vice president and general counsel. Cameron joined the company in January 2012 and most recently served as vice president and deputy general counsel of the company.
WPX Energy Mulls Listing Of MLP
Nov 15 13
WPX Energy, Inc. (NYSE:WPX) is planning to create a master limited partnership (MLP) and is also planning to get it listed. WPX intends to get MLP listed in the first half of 2014. WPX expects to sell interests in the MLP and use the proceeds to fund operations, repay debt under its revolving credit facility and for general corporate purposes. WPX said that it expects to file a registration statement with the U.S. Securities and Exchange Commission in early 2014 for the initial public offering (IPO).
WPX Energy Not Planning To Sell Wyoming Assets; Continues Plan To Sell Apco Stake
Nov 15 13
WPX Energy, Inc. (NYSE:WPX) is not planning to sell its Wyoming Assets. The company said in August 2013 that it decided not to sell its Wyoming's Powder River Basin asets after receiving unsatisfactory bids. However, it continues to consider divesting its stake in Apco Oil & Gas International Inc. (NasdaqCM:APAG.F).
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