Firm plans 3,000th well in Piceance
Williams main producer in basin
Williams Production RMT said Thursday it has begun the drilling process for its 3,000th natural gas well in western Colorado’s Piceance Basin.
Williams, the leading producer in the basin, said the well is located near Rulison.
Williams’ first natural gas well in western Colorado began producing in 1986. The company now produces enough natural gas in the state to meet the energy needs of nearly 3 million homes.
Williams’ Piceance Basin operations are centered in Garfield County, which as of early January had 5,465 of the state’s 37,270 active wells, the Colorado Oil and Gas Conservation Commission reports.
Williams’ 3,000th well will be drilled about 7,800 feet deep, from a drilling pad where the company is developing 22 wells with a FlexRig4 from Helmerich & Payne.
“These high-efficiency rigs continue to be a key part of our commitment to responsible development,” Steve Soychak, Williams’ district manager in Parachute, said in a news release.
“We started using the new rigs three years ago because they can drill more than 20 wells from one place. This allows us to centralize many of our activities and reduce the amount of our drilling pads by up to 75 percent.”
Williams employs 544 people in Colorado and has main offices in Parachute, Denver and Durango. It plans to spend $500 million to $600 million to develop new wells in the state this year, less than half of what it spent last year. Colorado is seeing a sharp cutback in activity by oil and gas developers because of falling natural gas prices and other factors.
Williams’ subsidiaries find, produce, gather, process and transport natural gas. Its operations are concentrated in the Rocky Mountains, Pacific Northwest, Gulf Coast and Eastern Seaboard.