Natural gas sales generated $1 billion in product revenue in 2014. WPX has more than 3 trillion cubic feet of proved natural gas reserves, predominantly in western Colorado’s Piceance Basin. Last year our natural gas production averaged 768 million cubic feet per day.
Natural Gas Liquids
NGL sales generated $205 million in product revenue in 2014. WPX produced an average of 17,000 barrels per day of NGL last year. At year-end 2014, WPX reported 70 million barrels of proved NGL reserves.
Oil and condensate sales generated $724 million in product revenue in 2014. WPX has approximately 131 million barrels of proved oil reserves. Last year we increased daily oil production 56% to more than 25,000 barrels per day.