WPX Energy increases hedge position and reduces debt (Scandinavian Oil-Gas Magazine)

WPX Energy increases hedge position and reduces debt

Published Jan 21, 2016

WPX Energy has added more hedges to protect cash flows and repurchased a portion of notes that are due in early 2017.

Approximately three-fourths of WPX's 2016 anticipated oil volumes are hedged well above current prices. The company now has 29,380 barrels of oil per day hedged at $60.85 per barrel in 2016.

This includes another 2,000 bbl/d added since the company's most recent quarterly report.

Tags: WPX Energy

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