Table of Contents Table of Contents 2 List of Tables 5 List of Figures 6 Company Snapshot 8 Key Information 8 Company Overview 8 WPX Energy, Inc., Valuation and Financial Data 9 WPX Energy, Inc., Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 WPX Energy, Inc., Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 WPX Energy, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 WPX Energy, Inc., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 WPX Energy, Inc., Quarterly Production Trends 14 WPX Energy, Inc., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 WPX Energy, Inc., Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 WPX Energy, Inc., Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 WPX Energy, Inc., Valuation and Financial Data, 2011-2015 20 WPX Energy, Inc., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 WPX Energy, Inc., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 WPX Energy, Inc., E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Exploration and Development Costs, By Country/Region, 2011-2015 39 Oil and Gas Cost Per boe, US$/boe 41 Oil and Gas Cost Per boe, US$/boe, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 43 WPX Energy, Inc., Reserve Replacement Ratio 45 Oil and Gas Production Replacement Ratio 45 Oil and Gas Production Replacement Ratio, 2011-2015 45 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 47 WPX Energy, Inc., Results of Oil & Gas Operations Trend 51 Oil and Gas Revenue and Expenses 51 Oil and Gas Revenue and Expenses, 2011-2015 51 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53 Oil and Gas Revenue and Expenses, Per boe 58 Oil and Gas Revenue and Expenses, By boe, 2011-2015 58 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59 Oil and Gas Performance Metrics 63 WPX Energy, Inc., Land Holdings and Well Data 64 Developed and Undeveloped Acreage 64 Gross and Net Developed and Undeveloped Acreage, 2011-2015 64 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65 Well Statistics 68 Producible Oil and Gas Well, 2011-2015 68 Producible Oil and Gas Well, By Country/Region, 2011-2015 69 Exploration and Development Wells Drilled, 2011-2015 73 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 74 Recent Developments 75 WPX Energy, Inc. - Recent Developments 75 Mar 18, 2016: WPX Energy Closes Amended Revolver 75 Feb 24, 2016: WPX Energy Announces 2015 Fourth-Quarter And Full-Year Results 75 Nov 04, 2015: WPX Energy Reports 3Q Results 78 Oct 26, 2015: WPX Energy Promotes Clay Gaspar To Chief Operating Officer 83 Aug 05, 2015: WPX Energy Reports 2Q Results 83 Jun 25, 2015: WPX Energy Increasing Activity And EURs In The Williston Basin 89 May 05, 2015: WPX Energy Posts Third Consecutive Quarterly Profit 90 Apr 06, 2015: Prometheus Energy And WPX Energy Sign LNG Services Agreement 94 Mar 02, 2015: Wpx Energy Announces Decisions Affecting Employees 95 Feb 25, 2015: WPX Energy Reports 2014 Net Income 96 Appendix 102 Methodology 102 Coverage 102 Secondary Research 102 Primary Research 102 Data Information Sources 103 Company Source 103 SEC/Other Regulatory Filings 103 Other Sources 103 Expert Panel Validation 103 Data Definition 103 Oil and Gas Reserves 103 Units of Measure 104 About GlobalData 104 Disclosure 104 Disclaimer 104

List of Tables Table 1: WPX Energy, Inc., Key Facts 8 Table 2: WPX Energy, Inc., Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: WPX Energy, Inc., Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: WPX Energy, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: WPX Energy, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: WPX Energy, Inc., Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: WPX Energy, Inc., Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: WPX Energy, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: WPX Energy, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: WPX Energy, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: WPX Energy, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: WPX Energy, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: WPX Energy, Inc., Share Price Performance, 2011-2015 20 Table 14: WPX Energy, Inc., Key Valuation Metrics, 2011-2015 21 Table 15: WPX Energy, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: WPX Energy, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: WPX Energy, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: WPX Energy, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: WPX Energy, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: WPX Energy, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: WPX Energy, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: WPX Energy, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: WPX Energy, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: WPX Energy, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: WPX Energy, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: WPX Energy, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: WPX Energy, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: WPX Energy, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Table 29: WPX Energy, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 44 Table 30: WPX Energy, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 45 Table 31: WPX Energy, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 50 Table 32: WPX Energy, Inc., Revenue and Expenses, US$ mil, 2011-2015 52 Table 33: WPX Energy, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 34: WPX Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Table 35: WPX Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62 Table 36: WPX Energy, Inc., Oil and Gas Performance Metrics, 2011-2015 63 Table 37: WPX Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Table 38: WPX Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67 Table 39: WPX Energy, Inc., Producible Oil and Gas Wells, 2011-2015 68 Table 40: WPX Energy, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 72 Table 41: WPX Energy, Inc., Exploratory and Developed Wells, 2011-2015 73 Table 42: WPX Energy, Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 74 List of Figures Figure 1: WPX Energy, Inc., Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: WPX Energy, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: WPX Energy, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: WPX Energy, Inc., Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: WPX Energy, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: WPX Energy, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: WPX Energy, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: WPX Energy, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: WPX Energy, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: WPX Energy, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: WPX Energy, Inc., Share Price Performance, USD/Share, 2011-2015 20 Figure 12: WPX Energy, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: WPX Energy, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: WPX Energy, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: WPX Energy, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: WPX Energy, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: WPX Energy, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: WPX Energy, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: WPX Energy, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: WPX Energy, Inc., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: WPX Energy, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: WPX Energy, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: WPX Energy, Inc., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: WPX Energy, Inc., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: WPX Energy, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: WPX Energy, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: WPX Energy, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: WPX Energy, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: WPX Energy, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: WPX Energy, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: WPX Energy, Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: WPX Energy, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 41 Figure 33: WPX Energy, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43 Figure 34: WPX Energy, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43 Figure 35: WPX Energy, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 36: WPX Energy, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 45 Figure 37: WPX Energy, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 47 Figure 38: WPX Energy, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 47 Figure 39: WPX Energy, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48 Figure 40: WPX Energy, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48 Figure 41: WPX Energy, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 42: WPX Energy, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 43: WPX Energy, Inc., Revenue and Expenses, US$ mil, 2011-2015 51 Figure 44: WPX Energy, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 45: WPX Energy, Inc., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53 Figure 46: WPX Energy, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: WPX Energy, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: WPX Energy, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 49: WPX Energy, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 50: WPX Energy, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 51: WPX Energy, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 52: WPX Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Figure 53: WPX Energy, Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 54: WPX Energy, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 55: WPX Energy, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 56: WPX Energy, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 57: WPX Energy, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 58: WPX Energy, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 59: WPX Energy, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 60: WPX Energy, Inc., Oil and Gas Performance Metrics, 2011-2015 63 Figure 61: WPX Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Figure 62: WPX Energy, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 63: WPX Energy, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 64: WPX Energy, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 65: WPX Energy, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 66: WPX Energy, Inc., Producible Oil and Gas Wells, 2011-2015 68 Figure 67: WPX Energy, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69 Figure 68: WPX Energy, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69 Figure 69: WPX Energy, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70 Figure 70: WPX Energy, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70 Figure 71: WPX Energy, Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 72: WPX Energy, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 73: WPX Energy, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72 Figure 74: WPX Energy, Inc., Exploratory and Developed Wells, 2011-2015 73