WPX Energy, Inc. (Williams Production and Exploration) was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In 2021, the company merged with Devon Energy.

WPX Energy, Inc.
IndustryPetroleum industry
Founded2011; 12 years ago (2011)
DefunctJanuary 7, 2021; 2 years ago (2021-01-07)
FateAcquired by Devon Energy
HeadquartersTulsa, Oklahoma, U.S.
Key people
Richard E. Muncrief, Chairman & CEO
J. Kevin Vann, CFO
Natural gas
Natural gas liquids
Production output
166.9 thousand barrels of oil equivalent (1,021,000 GJ) per day (2019)
RevenueDecrease US$2.292 billion (2019)
Increase US$0.256 billion (2019)
Total assetsIncrease US$8.413 billion (2019)
Total equityIncrease US$4.515 billion (2019)
Number of employees
590 (2019)
Footnotes / references

All of the company's assets were in either the Williston Basin (42% of 2019 production) or the Permian Basin (58% of 2019 production). Of the company's total 2019 average production of 166.9 barrels of oil equivalent (1,021 GJ) per day, 62% was petroleum, 16% was natural gas liquids, and 22% was natural gas. As of December 31, 2019, the company had 527.559 million barrels of oil equivalent (3.22753×109 GJ) of proved reserves, of which 56% was petroleum, 21% was natural gas liquids, and 23% was natural gas.[1]


In January 2012, the company completed the corporate spin-off from the Williams Companies and became a public company.[2]

In June 2014, the company sold a working interest in some of its wells in the Piceance Basin to Legacy Reserves LP for $355 million.[3]

In May 2015, the company sold Marcellus Shale marketing contracts for $200 million.[4]

In June 2015, the company acquired 14,300 net acres in the Gallup oil window of the San Juan Basin for $26 million.[5]

In August 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin.[6]

In September 2015, the company sold its remaining mature coalbed methane properties in Wyoming’s Powder River Basin for $80 million.[7]

In October 2015, the company sold its assets in Argentina for $294 million.[8]

In March 2016, the company sold its San Juan Basin gathering system for $309 million.[9]

In April 2016, the company sold its assets in the Piceance Basin to Terra Energy Partners for $911 million.[10]

In January 2017, the company acquired assets in the Permian Basin for $775 million.[11][12]

In 2018, the company sold its assets in the San Juan Basin for $775 million.[13]

In January 2021, the company merged with Devon Energy.[14][15]


  1. ^ a b "WPX Energy, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Williams Completes Separation of E&P Business" (Press release). Business Wire. January 3, 2012.
  3. ^ "WPX Energy Completes Sale of Working Interests to Legacy LP" (Press release). Business Wire. June 4, 2014.
  4. ^ "WPX Energy Completes $200 Million Asset Sale" (Press release). Business Wire. May 27, 2015.
  5. ^ "WPX Energy Adds Acreage in Gallup Oil Play" (Press release). Business Wire. June 22, 2015.
  6. ^ "WPX Energy Completes Acquisition of Permian Producer" (Press release). Business Wire. August 17, 2015.
  7. ^ "WPX Energy Sells Powder River Basin Assets" (Press release). Business Wire. September 1, 2015.
  8. ^ "WPX Energy to Receive $294 Million for International Interests" (Press release). Business Wire. October 3, 2014.
  9. ^ "WPX Energy Completes Sale of San Juan Basin Gathering System" (Press release). Business Wire. March 9, 2016.
  10. ^ "WPX Energy Completes $910 Million Sale of Piceance Subsidiary" (Press release). Business Wire. April 8, 2016.
  11. ^ "WPX Increases Delaware Basin Inventory with Bolt-On Acquisition" (Press release). Business Wire. January 12, 2017.
  12. ^ Wilmoth, Adam (January 13, 2017). "WPX Energy buys Permian assets for $775 million". The Oklahoman.
  13. ^ "WPX Energy Sells San Juan Gallup Holdings for $700 Million" (Press release). Business Wire. February 5, 2018.
  14. ^ "Devon Energy and WPX Energy Complete Merger of Equals Transaction" (Press release). Globe Newswire. January 7, 2021.
  15. ^ "Devon Energy completes $5.8 billion acquisition of WPX Energy". Houston Chronicle. January 7, 2021.

External linksEdit

    • Historical business data for WPX Energy, Inc.:
    • SEC filings