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WPX Energy
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Q1 2020 Earnings Presentation
| Richard Muncrief | Page 5 of 11 |
June 07, 2025
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"Q1 2020 Earnings Presentation"
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WPX’s 2020-2021 Outlook 5 1. Assumes no shut-ins or wells with restricted flow at year-end 2020. 2. DUC is defined as an uncompleted well 60 days post rig release on a pad. 3. Capital to keep year-end 2020 production flat in 2021. 4. Outlook assumes $35/BBL WTI, $2.00 NYMEX, and NGL pricing (22% of WTI) in 2021. 2 0 2 1 : C A S H F L O W N E U T R A L T O $ 1 0 0 M M 140 $1.1B-$1.2B 35-40 $800-$850MM RESUME COMPLETIONS 3Q 2020 A C T I V I T Y S C E N A R I O S 1 Oil Production Exit (Mbbl/d) (12/31/2020) 2020 Capital Budget 2020 Year-End DUCS 2 2021 Maintenance Capital 3 130 $900MM-$1.0B 60-65 $650-$750MM RESUME COMPLETIONS 4Q 2020 O U T L O O K A S S U M E S $ 3 5 W T I I N 2 0 2 1 4