WPX to boost Western Slope drilling

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GRAND JUNCTION, Colo. (AP) - WPX Energy says it plans to spend millions of dollars to increase the number of wells on Colorado’s Western Slope.

According to the Grand Junction Daily Sentinel (http://tinyurl.com/m67mu6f ), the company said Monday it plans to operate an average of two more drilling rigs in western Colorado’s Piceance Basin. That would boost its local total to nine at a time when little other drilling is occurring in the region.

The move could increase the company’s annual Piceance capital expenditure by about $100 million, to nearly a half-billion dollars. About $75 million will go toward the drilling exploratory wells in the region, where initial WPX wells have been highly productive.


Information from: The Daily Sentinel, http://www.gjsentinel.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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