WPX Energy’s Rick Muncrief Named Executive of the Year
April 18 2017 - 8:00AM
Business Wire
WPX (NYSE: WPX) Chairman, President and Chief Executive Officer
Rick Muncrief is receiving the Executive of the Year award from Oil
and Gas Investor today at the Energy Capital Conference in Austin,
Texas.
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WPX Chairman and CEO Rick Muncrief is Oil
and Gas Investor's Executive of the Year. Photo by Shane Bevel.
Courtesy WPX.
Rick is the fourteenth recipient of the magazine’s annual award,
joining previous honorees such as Harold Hamm from Continental
Resources, Chuck Davidson from Noble Energy, Scott Sheffield from
Pioneer Natural Resources and Jim Hackett from Anadarko
Petroleum.
Oil and Gas Investor selected Muncrief this year for “completely
retooling the portfolio and cost structure of the company to become
one of the leading performers in its class, with ample room to
grow.”
Muncrief joined WPX in May 2014 and has overseen more than $6
billion in transactions to increase the company’s gross drillable
locations sevenfold. In a span of just over 18 months, WPX amassed
more than 120,000 net acres in the Permian’s Delaware Basin where
it has an estimated 6,400 gross drillable locations.
He also is a member of the board of the American Petroleum
Institute and the American Exploration & Production Council.
Muncrief has 36 years of upstream and midstream experience.
“I’m personally humbled but grateful to see WPX in the
spotlight. This honor speaks to the tremendous efforts that our
entire organization has accomplished,” Muncrief said.
About WPX Energy, Inc.
WPX is one of the 20 largest U.S. energy producers based on
total assets and market capitalization. The company posted
double-digit oil volume growth each of the past five years. WPX is
active in the Delaware, Williston and San Juan
basins. The Delaware Basin is the western portion of the
greater Permian 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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version on businesswire.com: http://www.businesswire.com/news/home/20170418005187/en/
WPX Energy, Inc.Media Contact:Kelly Swan,
539-573-4944orInvestor Contact:David Sullivan,
539-573-9360
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