WPX Energy Adds President’s Title to Company’s COO
December 01 2017 - 8:45AM
Business Wire
WPX Energy (NYSE: WPX) has named Clay M. Gaspar as president
effective Dec. 1, 2017, in addition to his current role as the
company’s chief operating officer.
Gaspar and the balance of WPX’s senior leadership will continue
reporting directly to Rick Muncrief, WPX’s chairman and chief
executive officer.
Gaspar joined WPX in October 2014 as senior vice
president of operations and resource development. He was
promoted to chief operating officer in November 2015.
“Clay is highly regarded in our industry and has been
instrumental at WPX implementing widespread change associated with
our $7 billion portfolio transformation,” said Muncrief.
“He adds value to what we do as a company by driving
efficiencies, emphasizing technical excellence, recruiting new
talent and rotating staff across basins and disciplines to expand
their experience and viewpoints.”
Gaspar is a registered professional engineer and a member
of The Society of Petroleum Engineers. He has a bachelor’s
degree in petroleum engineering from Texas A&M and a
master’s degree in petroleum and geosciences engineering from
The University of Texas.
Prior to WPX, Gaspar worked for Newfield
Exploration, Anadarko Petroleum and Mewbourne Oil in a
variety of technical and leadership roles. He has more than two
decades of experience in the oil and natural gas sector.
About WPX Energy, Inc.
WPX has posted double-digit oil volume growth each of the past
five years. The company 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/20171201005104/en/
WPX Energy, Inc.Media Contact:Kelly Swan,
539-573-4944orInvestor Contact:David Sullivan,
539-573-9360
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