TULSA, Okla.–(BUSINESS WIRE)–WPX Energy (NYSE: WPX) has named Clay M. Gaspar as president effective Dec. 1, 2017, in addition to his current role as the company’s chief operating officer.
Gaspar and the balance of WPX’s senior leadership will continue reporting directly to Rick Muncrief, WPX’s chairman and chief executive officer.
Gaspar joined WPX in October 2014 as senior vice president of operations and resource development. He was promoted to chief operating officer in November 2015.
“Clay is highly regarded in our industry and has been instrumental at WPX implementing widespread change associated with our $7 billion portfolio transformation,” said Muncrief.
“He adds value to what we do as a company by driving efficiencies, emphasizing technical excellence, recruiting new talent and rotating staff across basins and disciplines to expand their experience and viewpoints.”
Gaspar is a registered professional engineer and a member of The Society of Petroleum Engineers. He has a bachelor’s degree in petroleum engineering from Texas A&M and a master’s degree in petroleum and geosciences engineering from The University of Texas.
Prior to WPX, Gaspar worked for Newfield Exploration, Anadarko Petroleum and Mewbourne Oil in a variety of technical and leadership roles. He has more than two decades of experience in the oil and natural gas sector.
About WPX Energy, Inc.
WPX has posted double-digit oil volume growth each of the past five years. The company is active in the Delaware, Williston and San Juan basins. The Delaware Basin is the western portion of the greater Permian Basin.