WPX Energy, Inc. (Williams Production and Exploration) is a petroleum and natural gas exploration company headquartered in the Williams Center in Tulsa, Oklahoma.
The company's assets are almost entirely in the Williston Basin in North Dakota, the Permian Basin, and the San Juan Basin. All of the company's reserves are in the United States.
Of the company's total 2016 average production of 84.6 barrels of oil equivalent (518 GJ) per day, 21% was petroleum, 12% was natural gas liquids, and 67% was natural gas.
As of December 31, 2016, the company had 583 million barrels of oil equivalent (3.57×10 GJ) of proved reserves, of which 24% was petroleum, 13% was natural gas liquids, and 63% was natural gas.
In January 2012, the company completed the corporate spin-off from the Williams Companies and became a public company via an initial public offering.
In June 2014, the company sold a working interest in some of its historical Piceance Basin wells to Legacy Reserves LP for $355 million.
In May 2015, the company sold a package of Marcellus Shale marketing contracts for $200 million.
In June 2015, the company acquired 14,300 net acres in the Gallup oil window of the San Juan Basin for $26 million.
In August 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin.
In September 2015, the company sold its remaining mature coalbed methane properties in Wyoming’s Powder River Basin for $80 million.
In October 2015, the company sold its assets in Argentina for $294 million.
In March 2016, the company sold its San Juan Basin gathering system for $309 million.
In April 2016, the company sold its assets in the Piceance Basin in Colorado to Terra Energy Partners for $911 million.
In January 2017, the company acquired assets in the Permian Basin for $775 million.