From the discussion board, this
link to Tulsa World: the Bakken will remain the third leg of WPX's three-legged stool for the next five years.
WPX Energy Inc. is staking its future on a
trio of core oil and gas plays in North Dakota, New Mexico and Colorado,
the Tulsa-based oil and gas producer announced Wednesday.
The new five-year
strategy will simplify WPX’s geographic focus and expand returns,
margins and cash flows over the next five years, according to the plan.
The company’s core resource plays have an estimated 16,000 remaining
drillable locations, 480,000 net acres and more than 14 trillion cubic
feet equivalent of proved, probable and possible oil and gas reserves as
of December 2013.
Those core plays are the Williston Basin in North
Dakota, the San Juan Basin in New Mexico and the Piceance Basin in
Colorado. WPX holds more than 220,000 net acres in leases and 4,600
wells in the Piceance.
I
track the Piceance here, with a great graphic.
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