Tag Archives: WPX

WPX Energy CEO ‘Steps Down’- Or Was He Pushed Out?

WPX Energy (WPX) announced that its CEO & President, Ralph Hill, would be stepping down at the end of the year and that a new committee was being formed to find his replacement. No reason was reported in the press release. Mr. Hill had been with WPX and its parent company Williams (WMB) for over 30 years and… Read More »

Is WPX Overvalued Due To Risk Of Argentinian Seizure?

The big news out of South America this week is that on Monday, the government of Argentina pulled a Chavez and nationalized YPF, its largest oil and gas company. YPF had been majority owned by Spain’s Repsol (look at that Euro clout). The Argentinian government appears increasingly less investor friendly and now it looks like the energy industry,… Read More »

Newborn WPX Energy Announces Board Of Directors

WPX Energy(WPX) which was spun off from Williams(WMB) at the beginning of the month, has announced its Board Of Directors. The company which has 1.6 million acres under lease, appointed 9 Directors to join Chairman William G. Lowrie.  The press release provides the following biographical data for the Directors:        Kimberly S. Bowers is the executive… Read More »

WPX Energy Begins Trading Today As Independent Company

WPX Energy(WPX) began trading regular way today following its spin off from Williams(WMB). The company issued a press release to mark the occasion         Shares of WPX Energy will begin trading “regular way” on the New York Stock Exchange today following a successful spinoff from Williams that concluded on Dec. 31. WPX Energy is an… Read More »

WPX Energy To Enter S&P 500

When WPX Energy(WPX)is spun off from The Williams Companies(WMB) on December 31 as we discussed previously, it will immediately join the S&P 500, replacing Compuware(CPWR).  Parent company The Williams Companies will remain in the index as well.  This continues a trend of large companies breaking into pieces large enough to themselves be constituents of the premier large cap… Read More »

Ring In The New Year With WPX Energy

New Year’s Eve is one of those ‘big events’ that rarely lives up to its hype and often ends up pretty anti-climactic. Doesn’t bode well for this ensemble flick(actually, I am sure it will suck for a host of other reasons). The board of directors at Williams Companies (WMB) believes they have found the solution for a great… Read More »

Williams Has A Spin In Its Pipeline

The energy and E&P business has been no stranger to spinoffs and over the past few years numerous companies have pursued this strategy to unlock shareholder value. So it was no big surprise when in February Williams Companies (WMB) announced plans to split itself into two. To be fair, another reason the announcement wasn’t much of a surprise… Read More »