WPX Energy has promoted Clay M. Gaspar to Senior Vice President and Chief Operating Officer, effective Nov. 2, 2015.

Gaspar joined WPX in October 2014 as Senior Vice President of Operations and Resource Development. Under Gaspar's leadership, WPX has significantly decreased its development costs and operating expenses in support of the company's plan to increase margins.

'Clay has earned this recognition,' said Rick Muncrief, president and chief executive officer. 'We highly value the passion for excellence he brings to our company and the positive impact he's making on our entire organization.'

Tags: WPX Energy