TULSA, Okla.--(BUSINESS WIRE)--
WPX Energy (NYSE: WPX) has named Clay M. Gaspar as president effective
Dec. 1, 2017, in addition to his current role as the company’s chief
operating officer.
Gaspar and the balance of WPX’s senior leadership will continue
reporting directly to Rick Muncrief, WPX’s chairman and chief executive
officer.
Gaspar joined WPX in October 2014 as senior vice president of operations
and resource development. He was promoted to chief operating officer in
November 2015.
“Clay is highly regarded in our industry and has been instrumental at
WPX implementing widespread change associated with our $7 billion
portfolio transformation,” said Muncrief.
“He adds value to what we do as a company by driving efficiencies,
emphasizing technical excellence, recruiting new talent and rotating
staff across basins and disciplines to expand their experience and
viewpoints.”
Gaspar is a registered professional engineer and a member of The Society
of Petroleum Engineers. He 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, Gaspar worked for Newfield Exploration, Anadarko
Petroleum and Mewbourne Oil in a variety of technical and leadership
roles. He has more than two decades of experience in the oil and natural
gas sector.
About WPX Energy, Inc.
WPX has posted double-digit oil volume growth each of the past five
years. The company is active in the Delaware, Williston and San Juan
basins. The Delaware Basin is the western portion of the greater Permian
Basin.
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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Source: WPX Energy Inc