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WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties. It produces oil, natural gas, and natural gas liquids. The company operates 688 wells and owns interests in 787 wells, covering an area of approximately 122,000 net acres located in the Delaware Basin, Texas, and New Mexico; and it operates 404 wells and owns interests in 104 wells that cover an area of approximately 87,000 net acres situated in the Williston Basin, North Dakota. As of December 31, 2019, it had proved reserves of 528 million barrels of oil equivalent. The company was founded in 1983 and is based in Tulsa, Oklahoma. As of January 7, 2021, WPX Energy, Inc. operates as a subsidiary of Devon Energy Corporation.
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