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GRAND JUNCTION, Colo.—WPX Energy says it plans to spend millions of dollars to increase the number of wells on Colorado’s Western Slope.
According to the Grand Junction Daily Sentinel ( ), the company said Monday it plans to operate an average of two more drilling rigs in western Colorado’s Piceance Basin. That would boost its local total to nine at a time when little other drilling is occurring in the region.
The move could increase the company’s annual Piceance capital expenditure by about $100 million, to nearly a half-billion dollars. About $75 million will go toward the drilling exploratory wells in the region, where initial WPX wells have been highly productive.
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Information from: The Daily Sentinel,
