WPX Energy (WPX) Tops Q2 EPS by 10c
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WPX Energy Reports 2Q 2020 Results
July 29, 2020 4:15 PM EDTDiscipline drives strong quarterÂ
Hedging strategy provides certainty, stability Cutting capital by $50 million; still targeting oil exit rate of 140,000 bbl/d at Dec. 31 Now expecting approximately $200 million of free cash flow in 2020 WPX completion design yields 35% improvement on Felix pad 2Q oil volumes were 123,700 bbl/d after curtailments of ~20,000 bbl/d Nearly 60,000 bbl/d of oil hedged at over $40 per bbl for 2021TULSA, Okla.--(BUSINESS WIRE)-- WPX Energy (NYSE:... More
