WPX News and Press, WPX Energy Inc. From 01/18/20

Introduction One of the themes that I think will drive the shale market over the next few years is the consolidation of players that comes when an industry moves from its growth and exploration phase into maturity. Fifteen years into the "shale miracle" we could be seeing the start of this m...

WPX Energy (NYSE:WPX) plans to discuss its fourth-quarter and full-year 2019 financial and operations results during a webcast on Thursday, Feb. 27, 2020, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer K...

Welcome, ladies and gents! When I struggle to come up with titles for my articles, I know there is nothing that will attract readers like …. accounting!? Some of you may have decided to read this, not knowing that it would be about boring stuff like balance sheets and fruit bowls, while...

WPX Energy (NYSE:WPX) announced today that it has closed its previously announced public offering of $900,000,000 million aggregate principal amount of 4.500% senior unsecured notes due 2030 at par. The proceeds were deposited into an escrow account upon the closing of the offering. Upon ...

WPX Energy (NYSE:WPX) announced today that it has priced its previously announced offering of $900 million aggregate principal amount of 4.500% senior unsecured notes due 2030. The notes were sold to the public at par. The offering is expected to close on Jan. 10, 2020, subject to customary c...

In Part 1 of this series (which you can read here ), I compiled lots of detail about U.S. independent E&P companies debt, including results of borrowing base reviews for fall 2019, a schedule by year of maturities and amounts, as well as other financial and operational metrics which reade...

WPX Energy (NYSE:WPX) announced today that it has commenced a public offering of $900 million aggregate principal amount of senior unsecured notes. The proceeds of the proposed offering will be deposited into an escrow account upon the closing of the offering. Upon release from escrow, W...

Shares of  WPX Energy  (NYSE: WPX) catapulted 39.6% in December, according to data provided by  S&P Global Market Intelligence . Propelling the  energy stock  was its plan to  acquire privately held Felix Energy  as well as initiate a ...

Introduction Those readers who are Wild West history buffs will undoubtedly know the story of the "Hole in the Wall Gang," actually several distinct bands of robber outlaws in the late 1800s and early 1900s that included Butch Cassidy and his Wild Bunch gang (including The Sundance Kid). The...

2019 has been yet another challenging year for oil & gas companies, with S&P Oil & Gas Exploration & Production ETF ( XOP ) down -9% year-to-date and an astonishing -70% from its peak in 2014, which is a stark contrast to major equity indices breaking to ever higher highs. From...