Exploration & Production | Operational Updates | Quarterly / Earnings Reports
Impressive Niobrara Wells Offset by Marcellus Frustration for WPX
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WPX Energy has announced its unaudited results for the third quarter of 2013.
Highlights: Initial Niobrara well hits 2 Bcf in cumulative production; 2nd Niobrara well continues impressive results Company stems gas production decline; sequential quarter gas volumes higher Oil production at all-time high; Bakken oil up 46% vs. 3Q last year Bakken oil volumes on track for year-end exit rate of 15,000 bbl/d First nine San Juan Gallup oil wells average initial flow rate of 728 boe/d 3Q results negatively impacted by lower natural gas price realizations Other items negatively affecting 3Q include an impairment, litigation accrual and tax provisionsRalph A. Hill, WPX’s president and chief executive officer, said "During the third quarter, WPX made progress on expanding the foundation to…
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