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THE SAN JUAN BASIN IS SEEING A RESURGENCE IN DEVELOPMENT.

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Gallup Oil Update

WPX decreased its spud-to-rig release time in the Gallup oil play to 10.3 days per well during first-quarter 2015. This is an improvement of 18 percent compared to an average of 12.5 days in fourth-quarter 2014.

WPX also set new bests for drilling time and feet drilled on Gallup wells during the first quarter, drilling one well in just 8 days and drilling 4,600 feet in a 24-hour period on another.

During first-quarter 2015, WPX completed 15 new oil wells in the San Juan Gallup oil play. Previously, WPX completed 47 Gallup wells in 2014 and 13 in 2013.

WPX has taken steps to lower the basis differential on its San Juan Basin Gallup oil sales from roughly $13 per barrel during 2014 to approximately $8 to $10 per barrel. WPX will start to realize a portion of this benefit in second-quarter 2015, with the full impact realized in the second half of 2015 and beyond.

WPX also continues to build out a new oil, gas and water gathering system for its Gallup development activity. Last year WPX installed 95 miles of pipeline.

WPX installed another 37 miles of pipe during the first quarter, with plans to construct another 55 miles during the balance of the year. This ultimately furthers margin expansion efforts in the basin.

Our 2015 capital program includes $295 million to $320 million for the San Juan Basin, primarily for further development of our Gallup oil discovery. During 2014, we nearly doubled our Gallup acreage to approximately 85,000 net acres.

economic impact

$300 million

2015 planned investment in local drilling and development

$10 million

Royalties received by private landowners in 2014

$33.4 million

Royalties for our wells on federal, state and Indian lands in 2014

$6.7 million

Statewide payroll in 2014

$19 million

Severance and ad valorem taxes paid in 2014

200+

Vendors and service providers we’ve used in New Mexico

 

Committed to 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 Ken McQueen, WPX’s San Juan director. “This kind of recognition validates everything we’ve done to reach out and involve others in our plans.”

Environmental Strength

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.

Community Contacts

Learn more about WPX Energy in your community.
Contact the representative for your area:

Susan Alvillar
970.263.5315

Leasing Information

For information on leasing your mineral rights with WPX, please contact the WPX representative in your area:

Bob Miller
539.573.0193


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Environmentally Sound

Environmentally Sound

We believe doing what is right and going far beyond what is required is the only way to operate.

Our Values

Our Values

The need to speak with integrity, clarity and transparency is the only way we know to do business. You can count on the strength of our word.

We Are WPX

We Are WPX

Learn more about us, our history, our corporate values and why we believe a single word – strength – personifies WPX.

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