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Wpx Energy Promotes Clay Gaspar To Chief Operating Officer

The following excerpt is from the company's SEC filing.

TULSA, Okla. WPX Energy (NYSE: WPX) has promoted Clay M. Gaspar to Senior Vice President and Chief Operating Officer, effective Nov. 2, 2015.

Gaspar joined WPX in October 2014 as Senior Vice President of Operations and Resource Development. Under Gaspars leadership, WPX has significantly decreased its development costs and operating expenses in support of the companys plan to increase margins.

Clay has earned this recognition, said Rick Muncrief, president and chief executive officer. We highly value the passion for excellence he brings to our company and the positive impact hes making on o ur entire organization.

Gaspar has excelled with change management, leading the companys operations through a number of transitions including divestitures, WPXs acquisition in the Permian Basin, an office consolidation and the recruitment of additional technical talent.

He is a member of The Society of Petroleum Engineers and has a bachelors degree in petroleum engineering from Texas A&M and a masters degree in petroleum and geosciences engineering from The University of Texas.

Prior to WPX, he...


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