WPX Energy Reports 3Q 2020 Results
02.11.2020 | Business Wire
Outlook Points to 2021 Momentum
- Current oil rate of approx. 140,000 bbl/d already at the year-end target
- Increasing 4Q oil target to 137,000-143,000 bbl/d
- Reducing 2020 full-year CAPEX by another $50 million
- Raising 2020 free cash flow projection by 50% to more than $300 million
- Reducing LOE to $5.10-$5.40 per BOE for full-year 2020, a 14% improvement
- Attractive Bone Spring results in the Delaware Basin
- Transformational merger with Devon on track, creating a leading U.S. energy company