WPX Energy 2014 New Mexico Profile - AWS
WPX Energy 2014 New Mexico Profile Who We Are
Awards & Highlights
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations.
•A nnounced an oil discovery in 2013 coming from the Gallup Sandstone
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company two years ago.
•P lanning 40 Gallup oil wells in 2014 to increase our oil development
Our Local Story
•2 013 winner of the Restore New Mexico Award presented by the state BLM for improving public lands
Our office in Aztec, N.M., employs 60 people. These individuals have more than 500 years of service with the company. This staff supports our activities in the San Juan Basin where we have 160,000 net acres under lease. Our operations are located in four counties: San Juan, Rio Arriba, Sandoval and La Plata, Colo. Locally, we operate 860 natural gas wells and hold a joint ownership interest in another 2,400 wells. We also are developing a new oil discovery.
•D rilled 15 oil wells last year – produced 290,000 barrels of oil in 2013
•O ur fastest drilling time for a Gallup oil well is just 12 days
•2 012 recipient of the Cooperative Excellence award from the state BLM for a three-year environmental study •W inner of the Carson National Forest 2012 stewardship award, presented by the U.S. Forest Service •1 3 total state, BLM and industry awards since 2000 •S upporters of the math, engineering and science achievement (MESA) program
Technician Dave Randleman (left) works with conservation groups in New Mexico.
Economic Benefits $210 million Our 2014 planned investment in local drilling and development $18.4 million We paid this amount in royalties last year for our wells on federal, state and Indian lands $9.5 million Represents the severance and ad valorem taxes we paid in 2013 $6 million Private landowners received this amount for royalties in 2013 $5 million Our 2013 payroll, which includes salaries, overtime pay and bonuses 200 Our business creates business for others. We have hired more than 200 vendors and service providers in New Mexico.
San Juan Basin
We plan to drill 40 oil wells in New Mexico in 2014. www.wpxenergy.com Aztec, N.M. office: 505.333.1800 © 2014 WPX Energy, Inc. All rights reserved. 0814/00001
Awards & Highlights
WPX Energy specializes in producing natural gas, natural gas liquids and oil from non-conventional resources such as tight-sands and shale formations.
•A nnounced an oil discovery in 2013 coming from the Gallup Sandstone
We were previously a wholly owned subsidiary of Williams. We became a separate, independent company two years ago.
•P lanning 40 Gallup oil wells in 2014 to increase our oil development
Our Local Story
•2 013 winner of the Restore New Mexico Award presented by the state BLM for improving public lands
Our office in Aztec, N.M., employs 60 people. These individuals have more than 500 years of service with the company. This staff supports our activities in the San Juan Basin where we have 160,000 net acres under lease. Our operations are located in four counties: San Juan, Rio Arriba, Sandoval and La Plata, Colo. Locally, we operate 860 natural gas wells and hold a joint ownership interest in another 2,400 wells. We also are developing a new oil discovery.
•D rilled 15 oil wells last year – produced 290,000 barrels of oil in 2013
•O ur fastest drilling time for a Gallup oil well is just 12 days
•2 012 recipient of the Cooperative Excellence award from the state BLM for a three-year environmental study •W inner of the Carson National Forest 2012 stewardship award, presented by the U.S. Forest Service •1 3 total state, BLM and industry awards since 2000 •S upporters of the math, engineering and science achievement (MESA) program
Technician Dave Randleman (left) works with conservation groups in New Mexico.
Economic Benefits $210 million Our 2014 planned investment in local drilling and development $18.4 million We paid this amount in royalties last year for our wells on federal, state and Indian lands $9.5 million Represents the severance and ad valorem taxes we paid in 2013 $6 million Private landowners received this amount for royalties in 2013 $5 million Our 2013 payroll, which includes salaries, overtime pay and bonuses 200 Our business creates business for others. We have hired more than 200 vendors and service providers in New Mexico.
San Juan Basin
We plan to drill 40 oil wells in New Mexico in 2014. www.wpxenergy.com Aztec, N.M. office: 505.333.1800 © 2014 WPX Energy, Inc. All rights reserved. 0814/00001
