Exhibit 99.2
SCHEDULE VALUATION AND QUALIFYING ACCOUNTS
WPX Energy, Inc.
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
| Beginning Balance | Charged (Credited) to Costs and Expenses | Other | Deductions | Ending Balance | ||||||||||||||||
| (Millions) | ||||||||||||||||||||
2011: | ||||||||||||||||||||
Allowance for doubtful accounts—accounts and notes receivable(a) | $ | 16 | $ | (1 | ) | $ | — | $ | (2 | ) | $ | 13 | ||||||||
Deferred tax asset valuation allowance(a) | 22 | — | — | (6 | )(f) | 16 | ||||||||||||||
2010: | ||||||||||||||||||||
Allowance for doubtful accounts—accounts and notes receivable(a) | 19 | (3 | ) | — | — | 16 | ||||||||||||||
Deferred tax asset valuation allowance(a) | 22 | — | — | — | 22 | |||||||||||||||
Price-risk management credit reserves—liabilities(b) | (3 | ) | 3 | (d) | — | — | — | |||||||||||||
2009: | ||||||||||||||||||||
Allowance for doubtful accounts—accounts and notes receivable(a) | 25 | 3 | — | (9 | )(c) | 19 | ||||||||||||||
Deferred tax asset valuation allowance(a) | 22 | — | — | — | 22 | |||||||||||||||
Price-risk management credit reserves—assets(a) | 6 | (3 | )(d) | (3 | )(e) | — | — | |||||||||||||
Price-risk management credit reserves—liabilities(b) | (15 | ) | 12 | (d) | — | — | (3 | ) | ||||||||||||
| (a) | Deducted from related assets. |
| (b) | Deducted from related liabilities. |
| (c) | Represents recoveries of balances previously written off. |
| (d) | Included in revenues. |
| (e) | Included in accumulated other comprehensive income (loss). |
| (f) | Deferred tax asset retained by Williams. |
F-66