Exhibit 99.1

	WPX Energy, Inc. (NYSE:WPX) www.wpxenergy.com

DATE: Oct. 30, 2019

WPX Energy Reports 3Q 2019 Results

Delivers free cash flow, capital discipline and share repurchase progress

TULSA, Okla. – WPX Energy (NYSE:WPX) reported third-quarter oil volumes of 108,600 barrels per day, which was 30 percent higher vs. a year ago and 11 percent higher than second-quarter 2019.

WPX reported unaudited third-quarter income available to common stockholders of $121 million, or income of $0.29 per share on a diluted basis. A year ago, WPX reported a loss of $0.01 per share.

Excluding derivatives and other items, WPX posted adjusted net income from continuing operations in third-quarter 2019 of $38 million, or income of $0.09 per share. A reconciliation accompanies this press release.

Adjusted EBITDAX (a non-GAAP financial measure) for third-quarter 2019 was $352 million, up 22 percent vs. $288 million in the same period a year ago. A reconciliation accompanies this release.

Cash flow from operations, inclusive of hedge impact, was $272 million in third-quarter 2019, which was 21 percent higher than $224 million in the same period a year ago.

Free cash flow for the third quarter was $42 million. Free cash flow for the quarter represents cash flow from operations ($272 million) adjusted for the impact of net changes in assets and liabilities ($34 million) less incurred capital expenditures ($264 million).

CEO PERSPECTIVE

“Our value proposition at WPX, both financially and strategically, is stronger than ever because of our consistent execution,” said Rick Muncrief, chairman and chief executive officer.

“We generated free cash flow in the quarter, are returning capital to shareholders ahead of schedule and are applying our technical expertise to lower costs and raise margins on barrels produced.

“All of this contributes to an exceptional outlook for the fourth quarter, 2020 and beyond, especially with improved capital efficiency, greater gas capture, lower interest expense and how we’re working to drive our leverage even lower,” Muncrief added.

RECENT EVENTS

In August, WPX announced a plan to opportunistically repurchase up to $400 million of its shares over the next 24 months. To date, the company has since repurchased $58 million of its common stock at an average price of $10.16 per share, retiring 5.7 million shares.

During the third quarter, WPX completed tender offers repurchasing $456 million of its outstanding 6.00 percent notes due in 2022 and $94 million of its 8.25 percent notes due in 2023 through a public offering for 5.25 percent notes due in 2027.

These actions reduced WPX’s weighted average interest rate for long-term debt from 6.24 percent to 5.93 percent, effectively lowering its annual interest expense by approximately $4 million going forward. WPX’s next significant maturity does not occur until 2023, which is $406 million.

RAISING 4Q AND FULL-YEAR OUTLOOK

WPX is forecasting stronger fourth quarter oil volumes than originally detailed in its quarter-to-quarter guide for 2019.

This momentum also is driving the anticipated 2019 exit rate higher with no additional capital allocation. WPX originally forecast 5-10 percent growth vs. the 2018 exit rate. WPX now expects this year’s exit rate to grow 15 percent vs. a year ago.

WPX expects fourth-quarter oil volumes of 109-111 Mbbl/d. This also raises WPX’s outlook for full-year 2019 oil volumes to 102-104 Mbbl/d, up from its most recent estimate of 101-103 Mbbl/d.

WPX now expects full-year total production of 162-167 Mboe/d in 2019, up from its most recent estimate of 160-165 Mboe/d.

With one quarter remaining in the year, WPX’s tightened the range for its 2019 total capital development plan to $1,125-$1,250 million. The midpoint remains unchanged from the previous estimate of $1,100-$1,275 million.

Total capital spending in the third quarter was $264 million, predominantly from $233 million in D&C activity for operated wells and $22 million for midstream infrastructure.

Details related to anticipated full-year production, capital, realized pricing and expenses are available in WPX’s third-quarter investor presentation available online at www.wpxenergy.com.

DELAWARE BASIN: VOLUMES UP 28%

WPX’s Delaware production averaged 96.7 Mboe/d in third-quarter 2019, which was 28 percent higher than 75.4 Mboe/d in the same period a year ago.

Oil production of 47.2 Mbbl/d comprised 49 percent of third-quarter total Delaware production. Oil volumes were up 10 percent vs. 42.8 Mbbl/d in the third quarter a year ago.

Third-quarter Delaware NGL production was up 93 percent vs. a year ago. NGL volumes are up significantly in 2019 reflecting the benefit of processing capacity at WPX’s joint venture gas plant in Reeves County, which did not startup until the end of the third quarter last year. Physical natural gas volumes also are up due to increased gas capture and reduced flaring.

WPX’s average realized oil price in the Delaware was WTI minus $0.50 for the quarter, including Midland basis swaps.

WPX’s average realized natural gas price in the Delaware was NYMEX less $0.40 for the quarter, including basis swaps which increased the average realized price by $0.51 per Mcf. WPX also realized $3 million in net commodity management margins, or $0.20 per Mcf, related to further risk management activities around Delaware natural gas pricing exposure.

WPX completed 18 Delaware wells during the third quarter, including nine in the Wolfcamp A interval, five wells in the Third Bone Spring formation and four in the Wolfcamp XY interval.

Two of the third-quarter Third Bone Spring wells were on the CBR 6-7 pad. Both wells had a 24-hour peak rate exceeding 4,300 Boe/d (59% oil), with combined 60-day cumulative production in excess of 214,000 barrels of oil. Sixty-day cumulative Boe for the two wells was nearly 365,000.

Two Wolfcamp A wells on the Pecos State 39-46 pad had 24-hour peak rates of 3,939 Boe/d (54% oil) and 3,819 Boe/d (53% oil).

On the Lindsay 10-15 pad, a Wolfcamp A well hit a 24-hour high of 4,150 Boe/d (54% oil) during initial production, and a Wolfcamp XY well hit 3,528 Boe/d (53% oil).

Following the completion of the second 200 MMcf/d cryogenic processing train at WPX’s 50/50 joint venture gas plant in Reeves County earlier this year, the plant is processing approximately 100 MMcf/d of third-party volumes in addition to WPX volumes.

The joint venture also completed a 16-inch-diamater trunk line that will begin transporting an estimated 40-50 MMcf/d of natural gas from WPX’s Sand Lake acreage position in the Delaware Basin to the Reeves County plant in early 2020.

WILLISTON BASIN: VOLUMES UP 58%

Williston Basin production averaged 76.8 Mboe/d in third-quarter 2019, which was 58 percent higher than 48.5 Mboe/d in the same period a year ago.

WPX completed 26 Williston wells during the third quarter, including 14 wells in the Bakken formation and 12 wells in the Three Forks formation.

The highest 24-hour rate for the third-quarter Williston completions was 5,664 Boe/d (81% oil) on the Bird Bear 35-26HB well. The six-well pad averaged nearly 4,600 Boe/d (81% oil) per well during 24-hour initial highs. Thirty-day production averaged 2,851 Boe/d per well.

Initial peak rates on the seven-well Lion pad averaged more than 3,800 Boe/d (81% oil) per well. Two of the wells on the pad hit 24-hour peak rates of 4,237 Boe/d.

The four-well Sweet Grass Woman pad also averaged nearly 3,800 Boe/d (81% oil) per well, led by the 22-15HD well that hit a 24-hour peak rate of 4,381 Boe/d.

WPX also drilled a Williston well in less than nine days during the quarter. The company drilled the St. Anthony 9-16-HY well in 8.63 days from spud to rig release with a lateral length of 9,886 feet.

3Q FINANCIAL RESULTS

Total product revenues of $581 million in third-quarter 2019 were five percent higher than the same period a year ago. Quarterly oil sales grew seven percent.

Total product revenues of $1,646 million during the first three quarters of 2019 were 11 percent higher than $1,481 million during the same period in 2018.

For the first three quarters of the year, WPX posted net income from continuing operations attributable to common shareholders of $378 million, or income of $0.89 per share on a diluted basis.

Adjusted net income from continuing operations for the first three quarters of 2019 was $97 million, or income of $0.23 per share. A reconciliation accompanies this press release.

During the third quarter, DD&A, lease operating expenses, taxes and G&A expense all declined on a per-Boe basis vs. the most recent quarter.

For the first three quarters of 2019, adjusted EBITDAX (a non-GAAP financial measure) was $1,003 million, or 29 percent higher than $775 million for the same period in 2018. Adjusted EBITDAX has now climbed for six consecutive quarters. Reconciliations for non-GAAP financial measures are available in the tables that accompany this press release.

The weighted average gross sales price – prior to revenue deductions and derivatives – was $54.25 per barrel for oil, $1.80 for natural gas and $11.92 per barrel for NGL during third-quarter 2019.

WPX’s total liquidity at the close of business on Sept. 30, 2019, was approximately $1.5 billion, including cash, cash equivalents and nearly all of its $1.5 billion available revolver capacity. WPX had no outstanding revolver borrowings at the end of the quarter, with the exception of outstanding letters of credit.

3Q PRODUCTION

Total production volumes of 173.4 Mboe/d in third-quarter 2019 increased 9 percent vs. second-quarter 2019 and were 40 percent higher than the same period a year ago. Liquids volumes accounted for 78 percent of third-quarter 2019 production.

WPX completed 44 gross operated wells (41 net) in its two core basins during third-quarter 2019 and participated in one gross (0 net) non-operated well in the Williston Basin.

For the balance of 2019, WPX has 83,000 bbl/d of oil hedged with fixed price swaps at a weighted average price of $56.72 per barrel, 5,000 bbl/d with fixed price calls at a weighted average price of $54.08 per barrel, and 8,000 bbl/d with collars at a weighted average price of $50 for the floor and $60.19 for the ceiling.

WPX also has 110,000 MMBtu/d of natural gas hedged with fixed price swaps at a weighted average price of $3.07 per MMBtu for the balance of 2019.

For 2020, WPX has 55,000 bbl/d of oil hedged with fixed price swaps at a weighted average price of $57.03 per barrel and 20,000 bbl/d with collars at a weighted average price of $53.33 for the floor and $63.48 for the ceiling.

THURSDAY WEBCAST

The company’s next webcast takes place on Oct. 31 beginning at 10 a.m. Eastern. Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com.

A limited number of phone lines also will be available at (833) 832-5123. International callers should dial (469) 565-9820. The conference identification code is 5288286.

FORM 10-Q

WPX plans to file its third-quarter 2019 Form 10-Q with the Securities and Exchange Commission this week. Once filed, the document will be available on the SEC and WPX websites.

About WPX Energy, Inc.

WPX is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80 percent oil/liquids and 20 percent natural gas. The company also has an infrastructure portfolio in the Permian Basin. Visit www.wpxenergy.com for more information.

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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.

Additionally, the SEC requires oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible – from a given date forward, from known reservoirs, under existing economic conditions, operating methods, and governmental regulations. The SEC permits the optional disclosure of probable and possible reserves. From time to time, we elect to use “probable” reserves and “possible” reserves, excluding their valuation. The SEC defines “probable” reserves as “those additional reserves that are less certain to be recovered than proved reserves but which, together with proved reserves, are as likely as not to be recovered.” The SEC defines “possible” reserves as “those additional reserves that are less certain to be recovered than probable reserves.” The Company has applied these definitions in estimating probable and possible reserves. Statements of reserves are only estimates and may not correspond to the ultimate quantities of oil and gas recovered. Any reserve estimates provided in this presentation that are not specifically designated as being estimates of proved reserves may include estimated reserves not necessarily calculated in accordance with, or contemplated by, the SEC’s reserves reporting guidelines. Investors are urged to consider closely the disclosure in our SEC filings that may be accessed through the SEC’s website at www.sec.gov.

The SEC’s rules prohibit us from filing resource estimates. Our resource estimations include estimates of hydrocarbon quantities for (i) new areas for which we do not have sufficient information to date to classify as proved, probable or even possible reserves, (ii) other areas to take into account the low level of certainty of recovery of the resources and (iii) uneconomic proved, probable or possible reserves. Resource estimates do not take into account the certainty of resource recovery and are therefore not indicative of the expected future recovery and should not be relied upon. Resource estimates might never be recovered and are contingent on exploration success, technical improvements in drilling access, commerciality and other factors.

WPX Energy, Inc.

Consolidated (GAAP)

(UNAUDITED)

WPX Energy, Inc.

Reconciliation of NON-GAAP Measures

(UNAUDITED)

(1) Per share impact is based on adjusted diluted weighted-average shares.

WPX Energy, Inc.

Consolidated Statements of Operations

(Unaudited)

WPX Energy, Inc.

Consolidated Balance Sheets

(Unaudited)

WPX Energy, Inc.

Consolidated Statements of Cash Flows

(Unaudited)