WPX Energy 2016 Year-End Results and 4Q Highlights

WPX Energy reported record oil production, up 15% in 4Q 2016, with significant operational achievements across Delaware, San Juan, and Williston basins. The company announced the Panther acquisition of 18,000+ acres in the Delaware core and achieved 317% reserve replacement in 2016. Management highlighted self-funding development capabilities and accretive growth prospects for 2017.