Considering his extensive experience working in the STACK play in the Anadarko Basin, Matt Hinson is an instant fit for managing the newest basin in WPX’s portfolio – the Permian.
Matt has joined WPX in a new role as vice president of the Permian Basin. He will lead the operations and development team where WPX recently acquired 92,000 net acres.
“I’m looking forward to building our team and our culture,” he said. “WPX has experienced some exciting changes lately.”
Matt spent eight years at Newfield Exploration Co., working his way from drilling engineer to reservoir engineer to reservoir team lead to asset manager of the STACK formation for the last two years.
As he begins his role at WPX, Matt’s experience and perspective will add value to WPX’s operations in the Permian Basin, which are characterized by numerous stacked reservoirs, extensive production history, long-lived reserves and high drilling success rates.
“This stacked pay formation could be a game-changer for the company,” said Hinson. “This is about decades of drilling inventory. I’m looking forward to assessing the potential even further.
“We may be in a depressed commodity environment, but we still can drill and produce great wells,” he said. “We have a great opportunity to go in and test multiple horizons and find out what works best in this environment.”
Matt has a mining engineering degree from University of Missouri-Rolla, where he played Division 2 football for four years. After graduating in 2001, he began working for ExxonMobil and spent five years rotating as a drilling engineer in Equatorial Guinea in West Africa.
“It was a great learning experience. A small part of the country is on the mainland of Africa, and its capital is on an island off the coast of Nigeria. Our drilling activity was about 35 miles offshore,” he said. “We had a platform set and one to two floating rigs running there.”
Matt moved from ExxonMobil to work at Newfield Exploration Co. as a drilling engineer. Matt then moved to reservoir engineer because he wanted to expand his knowledge of the business side of the industry. He also was excited to return to the Tulsa area to be closer to his hometown – nearby Oologah– where he lives with his wife and three sons.
“I’m really excited about coming to WPX. There will be a lot of similarities and some differences. And there will be some challenges but I’m looking forward to them,” he said.