WPX Energy Inc.

WPX Energy has commenced an underwritten public offering of $400 million of senior unsecured notes due 2026. WPX intends to use the net proceeds from the offering and any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund the purchase of up to $400 million aggregate principal amount of its outstanding 6% senior notes due 2022 and 8.25% senior notes due 2023 through cash tender offers and the planned redemption of its outstanding 7.5% senior notes due 2020.

On May 9, WPX Energy priced its public offering of $500 million of its 5.75% senior notes due 2026. The notes were priced at 100% of par. The offering was upsized from the previously announced $400 million aggregate principal amount.