WPX Energy adds to acreage in Gallup oil play

WPX Energy Inc., Tulsa, has added to its San Juan Gallup acreage in New Mexico with the purchase of another 14,300 net acres from an undisclosed seller for about $26 million.

The purchase increases WPX’s owned or controlled position to about 100,000 acres in the area and also represents an estimated 100 gross drilling locations, boosting to 500 the tally of sites the company has in the San Juan Gallup area.

WPX has spud more than 100 wells in the area following a discovery in early 2013 (OGJ Online, Aug. 5, 2013).

Since then, WPX has lowered its drilling times on Gallup wells by 75%. The company recently drilled two Gallup wells in less than 8 days each. During the second quarter, WPX is averaging 9.8 days/well so far, it said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...