[Congressional Record Volume 158, Number 35 (Monday, March 5, 2012)]
[Extensions of Remarks]
[Page E312]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         RECOGNIZING WPX ENERGY

                                 ______
                                 

                           HON. JOHN SULLIVAN

                              of oklahoma

                    in the house of representatives

                         Monday, March 5, 2012

  Mr. SULLIVAN. Mr. Speaker, I rise to recognize and congratulate a new 
independent exploration & production company in my Congressional 
District that specializes in natural gas, oil and natural gas liquids 
from shale and other unconventional resources.
  WPX Energy, based in Tulsa, Oklahoma, was launched on January 1, 
2012. This new multi-billion dollar company is headquartered in Tulsa, 
Oklahoma, with 1200 employees around the country: Colorado, Wyoming, 
New Mexico, Texas, North Dakota, and Pennsylvania. This is a new 
venture that will produce U.S.-based fuels and U.S.-based jobs.
  I know many of their employees personally. They are enthusiastic to 
get started and proud to work in the U.S. oil & gas industry, a very 
competitive and technologically-advanced sector of our economy. 
Although the company is only weeks old, they have decades of experience 
leading a top-ten U.S. producer of natural gas. Previously, WPX Energy 
was a wholly owned subsidiary of Williams, the renowned pipeline 
company. With the growing success of its exploration & production, WPX 
spun-off to become a separate, stand-alone company at the end of 2011.
  Like many new companies, the WPX management team is energetic and 
innovative, but they are also seasoned by decades of managing a top ten 
U.S. energy producer. Additionally, WPX has received more than two 
dozen national, State, local and industry awards for responsible energy 
development.
  Our economy is still going through hard times and our Nation faces an 
unemployment rate of more than 8 percent. Many industries and companies 
in our country have been downsizing and struggling for a variety of 
reasons. It is critical that we highlight successful companies that are 
growing and making contributions to our economy and energy security. 
WPX is one of these success stories and I am proud that they chose to 
call Tulsa, Oklahoma home.

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