SECOND-QUARTER 2016 UPDATE
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).