WPX Energy 2014 Colorado Profile
WPX Energy 2014 Colorado Profile Who We Are WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations. We were previously a wholly owned subsidiary of Williams. We became a separate, independent company two years ago.
• Denver Piceance Basin
Our Local Story
Planning to run 9 drilling rigs in Colorado this year.
We produce the most natural gas in Colorado – enough to meet the energy needs of about 3 million homes per day. Our primary production is in the Piceance Basin where we have 221,000 net acres in Garfield and Rio Blanco counties. We operate more than 4,400 natural gas wells in this area – the first of which went online in 1986. We have two offices in Colorado – Denver and Parachute. These locations employ 440 people. In addition to the Piceance Basin, we also have wells in La Plata County.
Awards & Highlights
Economic Benefits
•R ecently made a natural gas discovery in the Niobrara formation. More test wells under way to understand this resource.
$475 million This is our 2014 capital budget for drilling in the Piceance Basin
•R eceived 3 awards in 2013 for new technology, drilling efficiency and safety training
$129 million Private landowners received this amount for royalties in 2013
•H onored by the Colorado Oil & Gas Conservation Commission more than a dozen times since 2007
$53 million Represents the ad valorem and personal property taxes we paid in 2013
• H elped found the Community Counts organization and response line as resources for residents in Western Colorado
$56 million We paid this amount in royalties last year for our in-state wells on federal lands
• I nitiated the development of purposebuilt rigs that can drill more than 20 wells from one location •P artnering with the Colorado Division of Wildlife to study and track mule deer •E liminated 90,000 water-hauling trips through recycling at our water management facilities in Parachute and Rulison •R eceived a Best Management Practices technology award from the national BLM
The Denver Business Journal named Alan Harrison, our Drilling VP, one of the top energy executives in Colorado.
$52 million Our 2013 payroll, which includes salaries, overtime pay and bonuses 740 Our business creates business for others. We have hired more than 700 vendors and service providers in Colorado.
ww.wpxenergy.com w Denver office: 303.572.3900 Parachute office: 970.285.9377 © 2014 WPX Energy, Inc. All rights reserved. 0314/00001
• Denver Piceance Basin
Our Local Story
Planning to run 9 drilling rigs in Colorado this year.
We produce the most natural gas in Colorado – enough to meet the energy needs of about 3 million homes per day. Our primary production is in the Piceance Basin where we have 221,000 net acres in Garfield and Rio Blanco counties. We operate more than 4,400 natural gas wells in this area – the first of which went online in 1986. We have two offices in Colorado – Denver and Parachute. These locations employ 440 people. In addition to the Piceance Basin, we also have wells in La Plata County.
Awards & Highlights
Economic Benefits
•R ecently made a natural gas discovery in the Niobrara formation. More test wells under way to understand this resource.
$475 million This is our 2014 capital budget for drilling in the Piceance Basin
•R eceived 3 awards in 2013 for new technology, drilling efficiency and safety training
$129 million Private landowners received this amount for royalties in 2013
•H onored by the Colorado Oil & Gas Conservation Commission more than a dozen times since 2007
$53 million Represents the ad valorem and personal property taxes we paid in 2013
• H elped found the Community Counts organization and response line as resources for residents in Western Colorado
$56 million We paid this amount in royalties last year for our in-state wells on federal lands
• I nitiated the development of purposebuilt rigs that can drill more than 20 wells from one location •P artnering with the Colorado Division of Wildlife to study and track mule deer •E liminated 90,000 water-hauling trips through recycling at our water management facilities in Parachute and Rulison •R eceived a Best Management Practices technology award from the national BLM
The Denver Business Journal named Alan Harrison, our Drilling VP, one of the top energy executives in Colorado.
$52 million Our 2013 payroll, which includes salaries, overtime pay and bonuses 740 Our business creates business for others. We have hired more than 700 vendors and service providers in Colorado.
ww.wpxenergy.com w Denver office: 303.572.3900 Parachute office: 970.285.9377 © 2014 WPX Energy, Inc. All rights reserved. 0314/00001
