WPX Energy (WPX) Misses Q2 EPS by 7c

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WPX Energy Provides 2Q Operations and Financial Report: Increases Footprint and Opportunities in Delaware Basin

August 3, 2016 4:10 PM EDT

Joins the 100,000-acre club in the Delaware Basin

Raises estimate for net resource potential in Delaware to 2.4 billion boe

Increases gross drilling locations in Delaware to 5,500+

2Q Delaware oil volumes jump 15 percent vs. 1Q 2016

Completions to resume in Williston Basin this month

TULSA, Okla.--(BUSINESS WIRE)-- WPX reported an unaudited second-quarter 2016 net loss attributable to common shareholders of $204 million, or a loss of $0.68 per share on a diluted basis.

Second-quarter 2016 financial results were impacted by unrealized non-cash net losses on WPXs hedge portfolio; higher depreciation,... More