WPX Energy (NYSE:WPX) announced today that Karl F. Kurz has been elected
to the company’s board of directors. This increases the size of WPX’s
board to 12.
Kurz is a former chief operating officer for Anadarko and also held
management positions at Vastar Resources and ARCO Oil and Gas. Most
recently, he was the managing director and co-head of the energy group
and a member of the investment committee at CCMP Capital Advisors LLC.
“Karl’s background in exploration, production, reservoir engineering and
marketing complements the depth of energy and financial experience we
have on our board,” said William G. Lowrie, WPX chairman of the board.
“He joins WPX at a strategic time as we work to grow this company in an
enterprising way that capitalizes on the great positions we have in
natural gas, crude oil and natural gas liquids,” Lowrie added.
In addition to the WPX board, Kurz also serves as a director for
SemGroup Corporation and Global Geophysical Services Inc. He previously
served as a board member of the American Petroleum Institute, the
Independent Petroleum Association of America, the Natural Gas Supply
Association and Western Gas Partners LP.
He has a bachelors of science degree in petroleum engineering from Texas
A&M University and is a graduate of Harvard Business School’s Advanced
Management Program.
Kurz will serve on WPX’s nominating and governance committee along with
Kimberly S. Bowers, Don J. Gunther and George A. Lorch. Eleven of WPX’s
board members are independent. The sole inside director is James J.
Bender, WPX president and chief executive officer.
About WPX Energy, Inc.
WPX Energy is an exploration and production company focused on
developing its significant oil and gas reserves, particularly in the
liquids-rich Piceance Basin, the Bakken and Three Forks oil shales and
the Marcellus Shale. WPX also has domestic operations in the San Juan
and Powder River basins, as well as a 69 percent interest in Apco Oil
and Gas International. Go to http://www.wpxenergy.com/investors.aspx
to join our e-mail list.
This press release includes “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, included in this
press release that address activities, events or developments that the
company expects, believes or anticipates will or may occur in the future
are forward-looking statements. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of the company. Statements regarding future drilling
and production are subject to all of the risks and uncertainties
normally incident to the exploration for and development and production
of oil and gas. These risks include, but are not limited to, the
volatility of oil, natural gas and NGL prices; uncertainties inherent in
estimating oil, natural gas and NGL reserves; drilling risks;
environmental risks; and political or regulatory changes. Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements. The
forward-looking statements in this press release are made as of the date
of this press release, even if subsequently made available by WPX Energy
on its website or otherwise. WPX Energy does not undertake and
expressly disclaims any obligation to update the forward-looking
statements as a result of new information, future events or otherwise.
Investors are urged to consider carefully the disclosure in our
filings with the Securities and Exchange Commission, available from us
at WPX Energy, Attn: Investor Relations, P.O. Box 21810, Tulsa,
Okla., 74102, or from the SEC’s website at www.sec.gov.
Copyright Business Wire 2014