Bucking the Trend —
Exxon Mobil to Rev Up Production
on the Western Slope

March 9th, 2009
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DENVER — At a time when other energy companies have curtailed drilling in the Piceance Basin of the Western Slope, Exxon Mobil plans to dramatically increase its natural gas production.

The energy giant says a new drilling technique will enable it
to extract more gas from the Piceance Basin at lower costs.

Consultant Bentek Energy in Evergreen says the first phase of
Exxon’s project in Rio Blanco County will produce 200 million
cubic feet of gas per day, about 10 percent of the basin’s
current total daily production.

The company did not indicate whether its increased production
activity will be accompanied by any new worker hiring.

Irving, Texas-based Exxon says it expects to ultimately produce 1 billion cubic feet of gas per day from the basin, enough to supply 8 percent of U.S. households. The company currently produces about 55 million cubic feet per day in the Piceance and leases 300,000 acres in the area.

Filed Under: Corporate News • Feature Articles

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