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THE SAN JUAN BASIN IS SEEING A RESURGENCE IN DEVELOPMENT.

DOWNLOAD SAN JUAN BASIN FACT SHEET

FIRST-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 at higher commodity prices. WPX has one rig deployed in the basin.

San Juan Basin production averaged 33.1 Mboe per day in the first quarter, which is 10 percent higher than a year ago.

Higher natural gas volumes drove the increase. WPX’s LOE for all of its operations in the basin averaged $4.04 per barrel in the first quarter, down 22 percent vs. $5.16 per barrel a year ago.

WPX drilled seven wells (gross) in the Gallup oil play in the first quarter. Drilling on a six-well pad in the West Lybrook unit commenced in February. Completions on the pad are scheduled to begin in May.

WPX is averaging 7.9 days for 1-mile laterals and 8.6 days for 1.5-mile laterals in the San Juan Basin so far this year. WPX’s best time in the basin for a 1.5-mile lateral to date is 7.5 days.

Additionally, WPX received final approval from the Bureau of Land Management to form the Kimbeto Wash unit.

WPX has plans for up to 23 laterals in the unit averaging 7,000 feet per lateral. The company now has six federal units approved in its Gallup development area.

economic benefits

$286 million

Our 2015 full-year capital spending in the San Juan Basin

$75-$90 million

Our 2016 planned capital spending in the San Juan Basin

$35.8 million

Royalties paid for our production on federal, state and Indian lands in 2015

$21.6 million

Severance and ad valorem taxes we paid in 2015

$10.1 million

Royalties paid to private landowners for our 2015 oil and gas production

$8.6 million

Our 2015 state-wide payroll 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:

Tom Black
539.573.8220


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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.

Stay Informed

Stay Informed

Sign up to learn more about what we’re doing in the Bakken, Piceance, San Juan or our other areas of operation.

WPX: A Bias For Action

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