WPX produces oil in the southern end of the San Juan Basin from the Gallup Sandstone and has a legacy natural gas position in the northern end of the basin, including considerable dry Mancos upside.
San Juan Basin production averaged 31.9 Mboe per day in the second quarter, compared with 33.1 Mboe per day in the preceding quarter.
WPX completed a six-well pad in the West Lybrook unit in the second quarter. The combined lateral length of the wells exceeded eight miles. Drilling averaged 7.7 days per well.
Four of the wells were completed with 1,000-pound-per-foot completion designs. The other two were completed with a 1,500-pound design. D&C costs, including facilities, averaged $4.1 million for the 1.5-mile laterals (3).
Our 2015 full-year capital spending in the San Juan Basin
Our 2016 planned capital spending in the San Juan Basin
Royalties paid for our production on federal, state and Indian lands in 2015
Severance and ad valorem taxes we paid in 2015
Royalties paid to private landowners for our 2015 oil and gas production
Our 2015 state-wide payroll in New Mexico
The U.S. Forest Service presented WPX with the Carson National Forest 2012 Stewardship Award, which highlights the company’s efforts to help preserve natural resources in New Mexico’s Jicarilla Ranger District.
The award recognizes WPX’s use of green well completions, environmentally-sound construction practices and reducing truck traffic.
“We want to be known for doing the right thing,” said WPX’s San Juan director. “This kind of recognition validates everything we’ve done to reach out and involve others in our plans.”
The Bureau of Land Management honored WPX for a three-year effort to create an environmental assessment plan for its Middle Mesa project. We’ve also won a Cooperative Excellence award, fish and deer habitat awards and a Best Management Practices award.
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