Tulsa’s WPX Energy Inc. has added more natural gas and oil hedges to protect cash flows through 2017. About two-thirds of anticipated gas production in 2016 is hedged at $3.63/MMBtu. Close to 75% of its expected 2016 oil volumes, 29,380 b/d, are hedged at $60.85/bbl, including 2,000 b/d added since the end of September. For 2017, WPX has hedged 92,500 MMBtu of gas at $3.22 and 9,304 b/d of oil at $61.66. The onshore operator also has reduced its long-term debt by about 17% by repurchasing $68 million in notes of a $400 million maturity due in early 2017. The next debt maturity is in 2020. WPX said it “remains engaged in discussions with third parties” to sell its San Juan Basin gathering system and all or a portion of its Piceance Basin assets. The operator is scheduled to deliver its quarterly results on Feb. 25.

Houston-based Carbo Ceramics Inc., which provides high-end ceramic and sand proppants used in hydraulic fracturing, has suspended its dividend. The board plans to evaluate it on an ongoing basis. CEO Gary Kolstad said the decision to suspend the dividend “was not an easy one given the importance of the dividend to our shareholders. However, it is necessary to continue to take measures to preserve cash during this prolonged industry downturn.” Carbo is set to issue its quarterly results on Jan. 28.