Form 8-K WPX ENERGY, INC. For: Oct 02

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Go back to Form 8-K WPX ENERGY, INC. For: Oct 02

WPX Energy (WPX) Issues Update on Five-Year Growth Plan

October 8, 2014 4:41 PM EDT

WPX Energy (NYSE: WPX) announced a strategy to simplify its geographic focus and expand returns, margins and cash flow over the next five years.

Key to the companys strategy are three core resource plays in North Dakota, New Mexico and Colorado where WPX has an estimated 16,000 remaining drillable locations on a gross basis, more than 14 trillion cubic feet of proved, probable and possible (3P) reserves at year-end 2013 and approximately 480,000 net acres.

Were confident we have the right building blocks in the Williston, San Juan and Piceance basins. We have upside... More