Last $20.27 USD
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As of 4:15 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3500 One Williams Center

Tulsa, OK 74172

United States

Phone: 855-979-2012


WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of long-life unconventional properties. The company is focused on exploiting its natural gas reserves base and related natural gas liquids (NGLs) in the Piceance Basin of the Rocky Mountain region, and on developing and improving its positions in the Bakken Shale oil play in North Dakota and the Marcellus Shale natural gas play in Pennsylvania. Its other areas of domestic operations include the Powder River Basin in Wyoming and the San Juan Basin in the southwestern United States. The company’s proved reserves were 4,650 billion cubic feet of gas equivalent (Bcfe), including 4,491 Bcfe in domestic reserves and 159 Bcfe in net international reserves as of December 31, 2012. It had 10 gross (7 net) wells in the process of being drilled. Properties Piceance Basin During 2012, the company operated an average of 5.4 drilling rigs in the basin, including 4.4 in the Piceance Valley and 1 in the Piceance Highlands. It had an average of 673 million cubic feet per day of net gas production from its Piceance Basin properties along with an average of 27.5 thousand barrels per day (Mbbls/d) of NGLs and 2.3 Mbbls/d of condensate recovered from its Piceance Basin properties. The Piceance Basin is located in northwestern Colorado. The company’s operations in the basin are divided into two areas, such as the Piceance Valley and the Piceance Highlands. Its Piceance Valley area includes operations along the Colorado River valley. The company’s development activities in the basin are primarily focused on the Williams Fork section within the Mesaverde formation. The Williams Fork could be approximately 2,000 feet in thickness and includes various tight, interbedded, lenticular sandstone lenses encountered at depths ranging from 6,000 to 9,000 feet. Bakken Shale/Williston Basin The company owns leasehold positions of approximately 85,800 net acres in the Williston Basin. All of these properties are on the Fort Berthold Indian Reservation in North Dakota and the company is the primary operator. During 2012, the company operated an average of 5.7 rigs on its Bakken properties and it had an average of 10.3 thousand barrels of oil equivalent per day (Mboe/d) of net production from its Bakken Shale wells. Marcellus Shale/Appalachian Basin The company’s Marcellus Shale acreage is located in four principal areas of the play within Pennsylvania, such as the northeast portion of the play in and near Susquehanna County; the southwest in and around Westmoreland County; centrally in Clearfield and Centre counties; and the east in Columbia County. During 2012, the company operated an average of 2.1 rigs on its Marcellus Shale properties and it had an average of 63 million cubic feet of gas equivalent per day (MMcfe/d) of net production from its Marcellus Shale wells. Powder River Basin The company owns a position in coal bed methane reserves in the Powder River Basin and together with its co-developer, Lance Oil & Gas Company Inc., controls 887,555 acres, of which its ownership represents 398,470 net acres. During 2012, the company had an average of 209 MMcfe/d of net production from its Powder River Basin properties. Its Powder River Basin properties are located in northeastern Wyoming. San Juan Basin The company’s San Juan Basin properties include holdings across the basin producing primarily from the Mesa Verde, Fruitland Coal, and Mancos Shale formations, which are primarily gas bearing. It operates two units in New Mexico (Rosa and Cox Canyon), as well as various non-unit properties, and the company operates in three major areas of Colorado (Northwest Cedar Hills, Ignacio, and Bondad). The company also owns properties operated by other operators in New Mexico and Colorado. Approximately 60 percent of its net San Juan Basin production comes from its operated properties. During 2012, the company had an average of 133 MMcfe/d of net production from its San Juan Basin properties. International The company owns a 69 percent controlling ownership interest in Apco Oil and Gas Interna

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