Back in 2013, WPX made some history in the San Juan Basin with our oil discovery in the Gallup Sandstone formation. You can read that press release here.
Since then, WPX has invested more than $1 billion in northwest New Mexico on drilling, development and infrastructure. That’s right, $1 billion.
That level of expenditure in one region by one company could fairly be described as a little history-making in itself, particularly if you ask the local chamber of commerce or the service companies (and their employees) who benefitted from the economic investment.
And that’s just the half of it. Over the past decade, WPX’s activity in the basin has generated more than $200 million in taxes for the state, more than $200 million in royalties for the federal government and more than $150 million for private royalty holders.
The Bureau of Land Management’s office in Farmington, which oversees energy development in the basin, is in the process of updating its Resource Management Plan (RMP) which governs the usage of local public lands.
One of the local voices who’s speaking up for industry and our commitment to doing things the right way is WPX’s Russ Knight, Sr. Production Foreman.
At a public meeting, Russ took to the microphone saying, “My company alone has earned at least 15 awards in the basin for responsible development, cooperation and best practices.
“Considering alternatives, being mindful of the area’s cultural heritage, and getting input from surface owners already happens on every well we drill.
“Our oil discovery has generated $100 million in revenues for Navajo allottees that we work with. Just doing nothing with the land is not a realistic plan for anyone. I encourage the BLM to stay the course for permitting energy development and to do it quickly.
“It’s completely possible to make history while preserving history.”
Russ was born and raised in Farmington, N.M., and still resides in the area. He has 28 years of industry experience, including six with WPX.
You can read the full transcript of Russ’s remarks here.