Industry | Petroleum industry |
---|---|
Founded | 2011 |
Defunct | January 7, 2021 |
Fate | Acquired by Devon Energy |
Headquarters | Tulsa, Oklahoma, U.S. |
Key people | Richard E. Muncrief, Chairman & CEO J. Kevin Vann, CFO |
Products | Petroleum Natural gas Natural gas liquids |
Production output | 166.9 thousand barrels of oil equivalent (1,021,000 GJ) per day (2019) |
Revenue | US$2.292 billion (2019) |
US$0.256 billion (2019) | |
Total assets | US$8.413 billion (2019) |
Total equity | US$4.515 billion (2019) |
Number of employees | 590 (2019) |
Footnotes /references [1] |
WPX Energy, Inc. (Williams Production and Exploration) was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In 2021, the company merged with Devon Energy.
All of the company's assets were in either the Williston Basin (42% of 2019 production) or the Permian Basin (58% of 2019 production). Of the company's total 2019 average production of 166.9 barrels of oil equivalent (1,021 GJ) per day, 62% was petroleum, 16% was natural gas liquids, and 22% was natural gas. As of December 31, 2019, the company had 527.559 million barrels of oil equivalent (3.22753×109 GJ) of proved reserves, of which 56% was petroleum, 21% was natural gas liquids, and 23% was natural gas. [1]
In January 2012, the company completed the corporate spin-off from the Williams Companies and became a public company. [2]
In June 2014, the company sold a working interest in some of its wells in the Piceance Basin to Legacy Reserves LP for $355 million. [3]
In May 2015, the company sold Marcellus Shale marketing contracts for $200 million. [4]
In June 2015, the company acquired 14,300 net acres in the Gallup oil window of the San Juan Basin for $26 million. [5]
In August 2015, the company acquired RKI Exploration & Production, LLC, giving it assets in the Permian Basin. [6]
In September 2015, the company sold its remaining mature coalbed methane properties in Wyoming's Powder River Basin for $80 million. [7]
In October 2015, the company sold its assets in Argentina for $294 million. [8]
In March 2016, the company sold its San Juan Basin gathering system for $309 million. [9]
In April 2016, the company sold its assets in the Piceance Basin to Terra Energy Partners for $911 million. [10]
In January 2017, the company acquired assets in the Permian Basin for $775 million. [11] [12]
In 2018, the company sold its assets in the San Juan Basin for $775 million. [13]
In January 2021, the company merged with Devon Energy. [14] [15]
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
Ovintiv Inc. is a hydrocarbon exploration and production company organized in Delaware and headquartered in Denver, United States. It was founded and headquartered in Calgary, Alberta, under its previous name Encana. It was the largest energy company and largest natural gas producer in Canada, before moving to the United States in 2020. The company was rebranded as Ovintiv and relocated to Denver in 2019–20.
Coterra Energy Inc. is a company engaged in hydrocarbon exploration organized in Delaware and based in Houston, Texas. The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin.
Devon Energy Corporation is an energy company engaged in hydrocarbon exploration in the United States. It is organized in Delaware and its corporate operative headquarters are in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its primary operations are in the Barnett Shale STACK formation in Oklahoma, Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
Energen Corporation was a company engaged in hydrocarbon exploration. In 2018, the company was acquired by Diamondback Energy.
Energen Resources Corporation was a subsidiary of Energen, formerly an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The company had approximately 775 million barrels of oil equivalent proved, probable, and possible reserves and another 2.5 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources were located primarily in the Permian Basin in west Texas. Energen also had operations in the San Juan Basin in northern New Mexico.
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.
Pioneer Natural Resources Company is an American company engaged in hydrocarbon exploration headquartered in Irving, Texas. It operates in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company is the largest acreage holder.
Plains Exploration & Production was a petroleum and natural gas exploration company based in Houston, Texas. In May 2013, it was acquired by Freeport-McMoRan.
Continental Resources, Inc. is a petroleum and natural gas exploration and production company headquartered in Oklahoma City. The company was founded by Harold Hamm in 1967 at the age of 21 as Shelly Dean Oil Company, originally named for Hamm's two daughters. In 1990, Shelly Dean re-branded itself as Continental Resources. It primarily used hydraulic fracturing and directional drilling to produce from low permeability formations.
Linn Energy, Inc. was a company engaged in hydrocarbon exploration. It was incorporated in Delaware and headquartered in Houston. In 2018, the company split into Roan Resources and Riviera Resources.
Laredo Petroleum, Inc. is an American company engaged in hydrocarbon exploration incorporated in Delaware with its principal operational headquarters located in Tulsa, Oklahoma.
Cimarex Energy Co. was a company engaged in hydrocarbon exploration, particularly shale oil and gas drilling. It was organized in Delaware and headquartered in Denver, Colorado, with operations primarily in Texas, Oklahoma, and New Mexico.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
Whiting Petroleum Corporation was a company engaged in hydrocarbon exploration primarily in the Bakken Formation and Three Forks Shale. It was organized in Delaware with its operational headquarters in Denver, Colorado.
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.
Diamondback Energy is a company engaged in hydrocarbon exploration headquartered in Midland, Texas.