WPX Energy Inc.

Announced the expected conversion rate for the company’s 6.25% series A mandatory convertible preferred stock issued on July 22, 2015.

WPX has approximately 4.8 million shares of preferred stock outstanding. Holders of the preferred stock are expected to receive 4.1254 shares of WPX common stock for each share of preferred stock they hold on the mandatory conversion date of July 30, 2018, with cash to be paid in lieu of any fractional shares. WPX previously announced that a quarterly dividend payment of $0.78125 per share of preferred stock, payable to holders of record as of July 13, 2018, will be made on July 31, 2018.