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BS - WPX Energy Highlights - March 24, 2020
WPX Energy cut $400 million, or 25%, from its 2020 capital budget guidance and could make further cuts in the future. Revised guidance is now $1.28-1.40 billion, which will keep WPX’s current oil production of 150,000 bo/d flat for the remainder of the year. The company has 95,978 bo/d of oil hedged with fixed price swaps at a weighted average of $56.27/bbl and 20,000 bo/d hedged with fixed collars at a weighted average floor......
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