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BS - WPX Energy Highlights - February 05, 2019
WPX Energy will average three wells in the Bakken during 2019. The company recently cut company-wide capex from $1.45-1.65 billion to $1.1- 1.28 billion in order to keep spending within cash flow. Guidance has been set at 149,000-161,000 boe/d (63% oil), down from a prior projection of 159,000-171,000 boe/d. FY18 output was projected to be in the 123,000- 130,000 boe/d......
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