WPX Energy (NYSE: WPX) has promoted Clay M. Gaspar to senior vice president and COO, effective Nov. 2.
Gaspar joined WPX in October 2014 as senior vice president of operations and resource development. Under Gaspar’s leadership, WPX says that it has decreased its development costs and operating expenses in support of the company’s plan to increase margins.
Gaspar has had responsibility for change management, leading the company’s operations through a number of transitions including divestitures, WPX’s acquisition in the Permian Basin, an office consolidation, and the recruitment of additional technical talent. Prior to WPX, Gaspar worked for Newfield Exploration, Anadarko Petroleum, and Mewbourne Oil in a number of technical and leadership roles.
Gaspar is a member of the Society of Petroleum Engineers, and has a bachelor’s degree in petroleum engineering from Texas A&M University, along with a master’s degree in petroleum and geosciences engineering from the University of Texas.