WPX Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2019; Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2019
The company now expects full-year total production of 160-165 Mboe/d in 2019, up from prior estimates of 149-161 Mboe/d. The company now expects to produce 101-103 Mbbl/d of oil for full-year 2019, up from prior estimates of 96-100 Mbbl/d. Third-quarter oil volumes are driving the upward revision.
The company expects to average 108-111 Mbbl/d of oil in the third quarter.
The company expects fourth-quarter oil production to moderate following the third-quarter surge.