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WPX Energy, Inc.

Company Summary

Description

WPX was merged with Devon Energy in January 2021.

Website

http://www.wpxenergy.com/

Operational Regions

  • Williston Basin
  • San Juan Basin
  • Permian Basin

Financial Data:

NYSE:WPX from Google Finance

Tickers:

  • WPX - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Agua Blanca Pipeline
Firm Commitment: 300,000 MMbtu/d

Project: Oryx Delaware Basin Crude Oil Gathering & Transport System
Firm Commitment: 100 M Bbls/d

Recent news

  • 8/8/2023 - WaterBridge NDB Forms... (subscriber access)
  • 5/10/2021 - Devon Commences Private... (subscriber access)
  • 5/5/2021 - Devon Reports 1Q21 Net... (subscriber access)
  • 3/29/2021 - Devon Expecting 1Q20... (subscriber access)
  • 2/25/2021 - Devon Issues 2021... (subscriber access)

Investor Presentations

  • Devon and WPX Strategic Merger of Equals
  • Felix Energy Acquisition (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Investor Presentation (subscriber access)
  • 3Q 2017 Investor Update (subscriber access)
  • September 2017 Barclays Global CEO-Energy Power Conference (subscriber access)
  • 2Q17 Earnings Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • 2016 Year-End Results Presentation (subscriber access)
  • 3rd Quarter 2016 Earnings Presentation (subscriber access)
  • Sept. 2016 - Barclays CEO Energy-Power Conference (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • WPX Energy 2015 Year End Results (subscriber access)
  • March 2016 Weil Energy Conference (subscriber access)

Company Transactions

Date: 1/7/2021
Type: Merger

DETAILS:

VOLUMES: 532 MBOE/d

NOTES:
Devon and WPX Energy have announced plans for a merger between the two companies, which would see WPX shareholders receive 0.5165 shares of Devon for each share of WPX held, equating to a combined enterprise value of $12 billion.
REGIONS:
  • Permian Basin
  • Williston Basin
  • Delaware Basin
  • Eagle Ford
  • Anadarko Basin
  • Powder River Basin
  • Date: 7/1/2020
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    COST: 1.5 $MM

    VOLUMES: 1.2 MBOE/d

    ACRES: 320 Acres

    NOTES:
    Northern Oil & Gas has announced the bolt-on acquisition of 320-acres in the Williston Basin from WPX Energy for a cash cost of $1.5 million.
    REGIONS:
  • Williston Basin
  • Date: 3/9/2020
    Type: Acquisition

    SELLERS:
  • Felix Energy
  • DETAILS:

    COST: 2.5 $B

    VOLUMES: 60 MBOE/d

    ACRES: 58500 Acres

    NOTES:
    WPX announced that they are acquiring private Delaware Basin firm Felix Energy in a deal valued at $2.5 billion. Felix currently holds 1,500 undeveloped locations in the basin, 58,500 net acres and production of 60 Mboe/d (70% oil.)
    REGIONS:
  • Delaware Basin
  • Date: 6/30/2019
    Type: Acquisition

    NOTES:
    WPX Energy and its joint venture partner in the Oryx II pipeline, a component of the overall Oryx system, have signed agreements to sell the project. WPX anticipates net proceeds of roughly $350 million for its 25% equity interest after adjusting for debt financing related to Oryx II. The transaction is expected to close in 2Q19.
    REGIONS:
  • Delaware Basin
  • Date: 2/28/2019
    Type: Acquisition

    NOTES:
    First Infrastructure will acquire WPX's 20% stake in the Agua Blanca Pipeline.
    REGIONS:
  • Delaware Basin
  • Date: 2/15/2019
    Type: Acquisition

    DETAILS:

    COST: 100 $MM

    ACRES: 14000 Acres

    NOTES:
    WPX intends to reinvest $100 million of the sales proceeds from another deal to purchase 14,000 surface acres within its Stateline operational area.
    REGIONS:
  • Permian Basin
  • Date: 2/4/2019
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    VOLUMES: 1.5 MBOE/d

    ACRES: 5600 Acres

    NOTES:
    The sale involves 5,600 net acres and 1.5 Mboe/d of production in an area outside of the Company's core Stateline development in the Delaware Basin

    Date: 7/31/2018
    Type: Acquisition

    NOTES:
    WPX Energy reported that in July, they exercised their option to double their stake in the Oryx II Pipeline Project from 12.5% to 25%.
    REGIONS:
  • Permian Basin
  • Date: 3/31/2018
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    COST: 700 $MM

    VOLUMES: 10.8 M Bbls/d

    NOTES:
    WPX Energy has entered into a deal with a private third party to sell its holdings in the San Juan Basin Gallup Oil Play
    REGIONS:
  • San Juan Basin
  • Date: 3/31/2018
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    COST: 20 $MM

    NOTES:
    WPX signed an agreement to divest certain non-operated mineral interests in the Williston Basin for $20 million.
    REGIONS:
  • Williston Basin
  • Date: 12/31/2017
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    COST: 175 $MM

    NOTES:
    WPX divested their legacy San Juan Basin gas assets
    REGIONS:
  • San Juan Basin
  • Date: 12/21/2017
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    VOLUMES: 73 Mmcf/d

    ACRES: 134000 Acres

    REGIONS:
  • Mancos Shale
  • San Juan Basin
  • Date: 6/13/2017
    Type: Acquisition

    DETAILS:
    NOTES:
    10% stake in the Agua Blanca Pipeline Project
    REGIONS:
  • Delaware Basin
  • Texas and Producing Region
  • Date: 3/12/2017
    Type: Acquisition

    DETAILS:

    COST: 775 $MM

    VOLUMES: 6.5 MBOE/d

    ACRES: 18100 Acres

    NOTES:
    The assets to be acquired have current production of 6.5 Mboe/d from 23 producing wells and include 920 gross undeveloped drilling locations in the Delaware Basin.
    REGIONS:
  • Delaware Basin
  • Date: 3/10/2017
    Type: Acquisition

    DETAILS:

    ACRES: 4600 Acres

    REGIONS:
  • Delaware Basin
  • Date: 4/8/2016
    Type: Acquisition

    DETAILS:

    COST: 910 $MM

    VOLUMES: 83.33 MBOE/d

    ACRES: 200000 Acres

    REGIONS:
  • Piceance Basin