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WPX Plans More Investment in Colo.

by KREX News Room
by Cori Coffin

Story Created: Mar 9, 2013 at 11:51 PM MDT

Story Updated: Mar 10, 2013 at 12:17 AM MDT

PARACHUTE, Colo. - WPX Energy, Colorado's largest natural gas producer, plans to increase its local spending in 2013.

Last year, WPX spent about $325 million to drill more than 200 new natural gas wells in Colorado.

This year, the company plans to spend $340 - $380 million on the Western Slope.

The company's plan calls for drilling in some of the deeper, natural gas reserves that it discovered late last year.

WPX employs 425 people in Colorado who operate more than 4,000 gas wells.

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Daniel said on Sunday, Mar 10 at 9:22 PM

First to anonymous: "More"? And I did not know oil and gas could wreck. Further, it is not I70. It is I-70 or Interstate 70. If by higher taxes you mean you want to get higher, more regulations won't work for you. Regulations work against your freedom and your will to be "higher".

Anonymous said on Sunday, Mar 10 at 2:40 PM

Oh goodie More dirty air and water. More oil an gas wrecks on I70. More drugged drivers. Time for higher taxes and more regulation.

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