WPX Energy Promotes Clay Gaspar to Chief Operating Officer
October 26 2015 - 6:45AM
Business Wire
WPX Energy (NYSE: WPX) has promoted Clay M. Gaspar to Senior
Vice President and Chief Operating Officer, effective Nov. 2,
2015.
Gaspar joined WPX in October 2014 as Senior Vice President of
Operations and Resource Development. Under Gaspar’s leadership, WPX
has significantly decreased its development costs and operating
expenses in support of the company’s plan to increase margins.
“Clay has earned this recognition,” said Rick Muncrief,
president and chief executive officer. “We highly value the passion
for excellence he brings to our company and the positive impact
he’s making on our entire organization.”
Gaspar has excelled with change management, leading the
company’s operations through a number of transitions including
divestitures, WPX’s acquisition in the Permian Basin, an office
consolidation and the recruitment of additional technical
talent.
He is a member of The Society of Petroleum
Engineers and has a bachelor’s degree in petroleum engineering
from Texas A&M and a master’s degree in petroleum and
geosciences engineering from The University of Texas.
Prior to WPX, he worked for Newfield
Exploration, Anadarko Petroleum and Mewbourne Oil in a
number of technical and leadership roles.
About WPX Energy, Inc.
WPX is a domestic energy producer with operations in the western
United States. The company has reported double-digit oil volume
growth in each of the past three years and operates more than 5,000
natural gas wells. WPX is reshaping its portfolio through more than
$4 billion of acquisitions and divestitures.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151026005040/en/
WPX Energy, Inc.Media Contact:Kelly Swan,
539-573-4944orInvestor Contact:David Sullivan,
539-573-9360
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