WPX Energy Inc.

WPX Energy has commenced an underwritten public offering of $500 million of senior unsecured notes due 2027.

WPX intends to use the net proceeds from the offering and, if necessary, any other sources of available funds, which may include borrowings under its senior secured credit facility, to fund the purchase of up to $450 million aggregate principal amount of its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023 through cash tender offers.