WPX Anticipates 23% Production Growth in 2018
WPX delivered production of 112 mboe/d in the third quarter, which was 6% higher sequentially and 33% higher year-over-year. This was slightly below our forecast of 121 mboe/d but still high enough to justify a modest increase in full-year guidance to 106-117 mboe/d (the 2017 budget was unchanged). The firm’s financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $168 million and negative $0.10 respectively, compared with consensus estimates of $179 milli...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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