WPX Energy’s Rick Muncrief Named Executive of the Year
TULSA, Okla.--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170418005187/en/
Source: WPX Energy Inc