WPX Energy Names Richard Muncrief CEO - Quick Facts

(RTTNews) - WPX Energy (WPX) said its Board of Directors has named Richard Muncrief as the company's next president and chief executive officer, effective May 15. He will also join the WPX board following the company's annual meeting of shareholders on May 22.

Muncrief, 55, is a petroleum engineer with over 30 years of upstream and midstream energy experience. He was most recently senior vice president of operations and resource development at Continental Resources (CLR) where he oversaw corporate engineering, reservoir development, drilling, production operations and supply chain management.

During his tenure with Continental, Muncrief helped the company increase reserves, production and share price by more than four-fold while lowering production expense by more than 15 percent.