WPX Accelerates Activity Sooner Than Expected; Third-Quarter Results Meet Expectations
WPX delivered production of 84 thousand barrels of oil equivalent per day in the third quarter, which was 1% lower sequentially, due to reduced drilling activity, and 16% higher year over year. This compares with our forecast of 81 mboe/d. The firm’s financial results were consistent with consensus forecasts, with adjusted EPS coming in at negative $0.17. We plan to incorporate these results shortly.On Nov. 3, the company built on its midquarter update, in which the firm outlined its vision for...
WPX Energy is an independent oil and natural gas exploration and production company engaged in the exploitation and development of long-life unconventional properties. The company is focused on exploiting, developing and growing its oil positions in the Delaware Basin (a subset of the Permian Basin) in Texas and New Mexico and the Williston Basin in North Dakota.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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