WPX Energy Reports 3Q 2020 Results
WPX ENERGY (WPX)
Last wpx energy earnings: 2/26 04:15 pm
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US:NYSE Investor Relations:
wpxenergy.com/investors.aspx
Company Research
Source: Business Wire
Outlook Points to 2021 Momentum Current oil rate of approx. 140,000 bbl/d already at the year-end targetIncreasing 4Q oil target to 137,000-143,000 bbl/d Reducing 2020 full-year CAPEX by another $50 million Raising 2020 free cash flow projection by 50% to more than $300 millionReducing LOE to $5.10-$5.40 per BOE for full-year 2020, a 14% improvementAttractive Bone Spring results in the Delaware BasinTransformational merger with Devon on track, creating a leading U.S. energy company TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE:WPX) reported third-quarter oil volumes of 122,300 barrels per day, in line with second-quarter results as expected stemming from the effects of prior curtailments and reduced development activity.WPX released all four of its completion crews during the second quarter in response to the COVID-19 impact on oil demand and commodity prices. WPX now has two crews deployed in the Delaware Basin and one in the Williston Basin after starting to resume completions
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