WPX Energy, Colorado's biggest natural gas producer, has cut a deal for $40 million in cash, plus $170 million in commitments, to boost drilling for natural gas on the Western Slope.
WPX on Tuesday announced the deal to jointly develop its Trail Ridge properties, in Colorado’s Piceance Basin, with TRDC LLC, a subsidiary of Houston-based G2X Energy Inc.
G2X Energy develops, owns and operates production facilities that convert natural gas to methanol and drop-in automotive gasoline.
WPX said TRDC,…
WPX Energy, Colorado's biggest natural gas producer, has cut a deal for $40 million in cash, plus $170 million in commitments, to boost drilling for natural gas on the Western Slope.
WPX on Tuesday announced the deal to jointly develop its Trail Ridge properties, in Colorado’s Piceance Basin, with TRDC LLC, a subsidiary of Houston-based G2X Energy Inc.
G2X Energy develops, owns and operates production facilities that convert natural gas to methanol and drop-in automotive gasoline.
WPX said TRDC,…