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Page added on January 31, 2007

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BP to Increase Natural Gas Recovery From San Juan Basin

BP today announced that it will invest up to $2.4 billion over the next 13 years to increase its share of ultimate recovery of coalbed methane natural gas from the San Juan Basin of southwestern Colorado by an estimated 1.9 trillion cubic feet. The company anticipates a steady development program that will increase current BP net production of 425 million cubic feet per day by more than 20 percent, and maintain production above present levels for more than a decade.

moneycentral



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