Colorado: Continental sees Niobrara as matrix-driven
Continental Resources Inc., Enid, Okla., said it completed the Newton 1-4H well in Weld County, Colo., in the second quarter of 2011 at initial production results that were below expectations.
Continental Resources Inc., Enid, Okla., said it completed the Newton 1-4H well in Weld County, Colo., in the second quarter of 2011 at initial production results that were below expectations.
The company, which has 89% working interest in the well, didn’t give production figures but said the well confirmed that the Niobrara is a matrix-driven play and that productive areas can be defined on that basis.
Continental in mid-August will spud its second Niobrara well 12 miles south of the Newton 1-4H, where industry activity has demonstrated economic results.
Continental has 83,100 net acres leased in the Denver-Julesburg basin Niobrara play.
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
