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Linn Energy, LLC (LINE) Message Board

  • rlp2451 rlp2451 Apr 8, 2013 9:09 AM Flag

    WPX Drills Monster Well in Piceance

    WPX Energy (WPX) announced today that its Niobrara Shale discovery well in the Piceance Basin exceeded 1 billion cubic feet of natural gas production in just over 100 days of operation.

    At this rate, WPX expects the Niobrara well to produce in its first four months what a typical well in the Piceance Basins Williams Fork formation produces over its estimated lifecycle of 25 to 30 years.

    The Niobrara well is located on WPXs acreage in Western Colorado, where the company has the lease rights to approximately 180,000 net acres of the Niobrara/Mancos shale play.

    The discovery well initially produced 16 million cubic feet per day at a flowing pressure of 7,300 pounds per square inch. It registered an average production rate of almost 10 million cubic feet per day over its first 90 days, despite being choked back substantially.

    Over time, WPX believes that its Niobrara discovery has the potential to more than double the companys' proved, probable and possible (3P) reserves, which were approximately 18 trillion cubic feet at year-end 2012.

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