This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

WPX Energy Makes Its Start As An Independent Company

Stocks in this article: WMB

Shares of WPX Energy (NYSE:WPX) will begin trading “regular way” on the New York Stock Exchange today following a successful spinoff from Williams (NYSE:WMB) that concluded on Dec. 31.

WPX Energy is an active developer and producer of oil, natural gas and gas liquids in resource-rich areas such as North Dakota’s Bakken Shale, Pennsylvania’s Marcellus Shale and Colorado’s Piceance Basin.

“We have a significant inventory of drilling opportunities in our existing acreage that we believe will allow us to continue to deliver solid results like double-digit production growth,” said Ralph Hill, chief executive officer.

“We’re also targeting a more balanced approach in our commodity mix. With that, we’re expecting approximately 37 percent of our 2012 revenues to come from oil and natural gas liquids,” Hill added.

Executives and guests of WPX Energy will celebrate the company’s new start as an independent, publicly traded company at the NYSE this morning when CEO Ralph Hill rings The Opening Bell.

Hill also is scheduled to appear on Bloomberg at approximately 10:45 a.m. Eastern this morning via a live interview from the NYSE trading floor.

WPX has total proved, probable and possible (3P) reserves of 15.9 trillion cubic feet equivalent as of year-end 2010; daily production of 1.3 billion cubic feet equivalent – including 14,800 barrels per day of oil and 26,800 barrels per day of natural gas liquids – as of October 2011; and more than 1.6 million net acres under lease.

WPX has its headquarters in Tulsa, Okla., and a regional office in Denver. Overall, the company employs more than 1,200 people. Its largest offices are in Tulsa, Denver, Parachute, Colo., and Gillette, Wyo.

Internationally, WPX has a 69 percent controlling interest in Apco Oil and Gas International (NASDAQ:APAGF). International reserves and production are included in the company’s key operating statistics.

The CUSIP number for WPX common stock is 98212B 10 3. WPX is also included in the S&P 500 index.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs