WPX Energy Inc. - 2011-05-02

Filed a registration statement relating to a proposed underwritten initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. WPX Energy was formed to hold Williams' exploration and production business. Sale of the common stock is expected to commence in the third quarter of this year, subject to completion of the SEC review process and market conditions. The company intends to apply to list its Class A common stock on the New York Stock Exchange as WPX. Barclays Capital, Citi and J.P. Morgan will act as joint book-running managers.