WPX Energy to Host Feb. 25 Webcast
WPX Energy (NYSE: WPX) plans to discuss its fourth quarter and year-end 2015 financial and operations results during a webcast on Thursday morning, Feb. 25, beginning at 10 a.m. Eastern.
Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. A replay of the webcast will be available on WPX’s website for one year following the event.
Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance.
Additional details for investors who wish to access the conference via phone will be available at www.wpxenergy.com prior to the event and included in the company’s year-end results announcement.
Prior to year-end, WPX exceeded its 2015 deleveraging target via an agreement to divest its San Juan Basin gathering system for consideration of approximately $309 million. WPX expects to close the transaction in first-quarter 2016.
About WPX Energy, Inc.
WPX is a domestic energy producer with operations in the western United States. The company has transformed its portfolio through more than $4.5 billion of transactions over the past 20 months, including the acquisition of a considerable position in the core of the Permian’s Delaware Basin.
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, the volatility of oil, natural gas and NGL prices; uncertainties inherent in estimating oil, natural gas and NGL reserves; drilling risks; environmental risks; and political or regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by WPX Energy on its website or otherwise. WPX Energy does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Investors are urged to consider carefully the disclosure in our filings with the Securities and Exchange Commission, available from us at WPX Energy, Attn: Investor Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s website at www.sec.gov.
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