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WPX Energy would add North Dakota rigs with $65/barrel oil
May 15, 2015 / 4:27 PM / 3 years ago

WPX Energy would add North Dakota rigs with $65/barrel oil

WILLISTON, N.D., May 15 (Reuters) - Oil and gas producer WPX Energy Inc would add one or two drilling rigs in North Dakota if oil prices stabilized around $65 per barrel, Chief Executive Rick Muncrief told Reuters on Friday.

“If we saw some stability in oil prices around the $65 WTI level, we would probably be more apt to add rigs,” Muncrief said in an interview.

WPX currently has one drilling rig in North Dakota, where it is the eleventh-largest oil producer.

The company also plans to hire 40 to 50 engineers and geologists at its Oklahoma headquarters, Muncrief said.

Reporting by Ernest Scheyder

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