WPX Energy Hints at Explosive Results in the Niobrara

Last week WPX Energy (NYSE: WPX) announced a discovery in the Niobrara shale that might ultimately double the current 18 Tcfe of natural gas 3P reserves. The discovery well produced an initial high of 16 Mcfe per day suggesting that reserves in the area are much higher than expected.

The company is one of the largest leaseholders in the Niobrara/Mancos shales that underlie the companies expansive leasehold position in more »

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