- WPX Energy (NYSE:WPX) says it plans a 2015 capital spending budget of ~$725M, roughly half the 2014 level and in line with its projected operating cash flow.
- WPX says it will focus on its core assets in North Dakota’s Williston Basin, New Mexico’s San Juan Basin and Colorado’s Piceance Basin.
- WPX says its FY 2014 oil production rose 56% Y/Y, exceeding expectations for 40% growth, and is targeting 15%-20% growth for 2015 even as it decreases capital spending.