Double Eagle updates Wyoming Niobrara, CBM work

Double Eagle Petroleum Co., Denver, and Warren Resources Inc., New York, the two major owners of the Spyglass Hill and Catalina units in the Atlantic Rim of the Washakie basin in Wyoming, have exercised preferential rights to acquire additional working interest in the units from a subsidiary of Anadarko Petroleum Corp.

Double Eagle is the operator of the Catalina Unit. A successor operator to Anadarko for the Spyglass Hill Unit has not been appointed.

Depending on the exercise, if any, of preferential rights to purchase the oil and gas assets by minority working interest owners in the units, the amount of working interests to be acquired by Double Eagle and the purchase price may change slightly.

Double Eagle plans to begin completion of its Niobrara appraisal well in the Catalina Unit in mid-October. The company is completing the well in two stages and plans to frac two zones in the lower Niobrara and three zones in the deeper Sage Break, Dakota, and Frontier gas formations in the first stage and three zones in the Upper Niobrara in the second stage.

The Spyglass Hill Unit requires 25 wells to be drilled before June 2013 to maintain the undeveloped acreage in that unit. The current timing of those wells will be determined once an operator is designated.

Double Eagle said it will evaluate the coalbed methane drilling programs at Atlantic Rim in 2013, depending upon its final working interest and operatorship of the Spyglass Hill Unit. Also, based on results of the Niobrara prospect well completion done in the fourth quarter of 2012 it may drill more Niobrara or deeper formation wells in 2013.

The company plans to continue to participate in developing its acreage in the Pinedale anticline and expects 16 more wells to be completed in 2013.

Double Eagle’s major oil company partner continues to proceed with the development plan and additional seismic shoot in 2013 for the Main Fork project, formerly Christmas Meadows, in Utah. The company is optimistic as to the progress of that 2 tcf target project.

Double Eagle is pursuing strategic mergers and asset acquisitions and is assessing all its nonoperated production and undeveloped acreage for opportunities for joint venture, pooling of interests, farmouts, or dispositions. In line with these objectives, the company has agreed to sell certain of its undeveloped Wyoming leases to a private company for $1.6 million or $2,100/acre. 

Prominent companies such as Noble Energy Inc., Encana Corp., Gulfport Energy Corp., and Occidental Petroleum Corp. are active in the Niobrara play close to Double Eagle acreage in the various Wyoming basins.

South of the Atlantic Rim Niobrara holdings in the Green River basin, Quicksilver Resources Inc. has formed a joint development venture with a subsidiary of Royal Dutch Shell to establish an area of mutual interest covering more than 850,000 acres in the Sand Wash basin in northwest Colorado.

In addition to the Niobrara, other formations in Wyoming such as the Sussex and Parkman are now being accessed with advanced horizontal drilling methods. Some of this activity is targeting known reservoirs, where older vertical wells may have left behind considerable quantities of oil. Double Eagle holds acreage near several of these newly developing plays and is closely monitoring permitting and drilling activities.

Related Articles

WAFWA: Aerial survey finds lesser prairie chicken population grew

07/06/2015 A recent range-wide aerial survey found the lesser prairie chicken population rose 25% from 2014 to 2015, the Western Association of Fish & Wil...

Production ramps up from Sunrise oil sands project

07/06/2015 Husky Energy Inc., Calgary, reported that 25 well pairs are now on production at its Sunrise oil sands project in northeastern Alberta. Steaming is...

Buru awarded onshore Canning licenses

07/06/2015 Buru Energy Ltd., Perth, and Mitsubish Corp. have been granted two production licenses for Ungani oil field in the onshore Canning basin of Western...

Cenovus sells royalty business for $3.3 billion

07/06/2015 Cenovus Energy Inc., Calgary, inked an agreement to sell its wholly owned subsidiary Heritage Royalty LP to Ontario Teachers’ Pension Plan for gros...

CERI: Energy, operational efficiencies possible in Canadian oil, gas

07/06/2015 Measures can be taken by operators in the expanding resource-intensive Canadian oil and gas sector to improve both energy efficiency and operationa...

AGL Energy to scale back upstream gas operations

07/06/2015

Gas retailer AGL Energy Ltd., Sydney, says it will exit the oil business and massively scaling back its upstream gas operations.

Macondo settlement seen ‘positive’ for BP

07/06/2015 BP Exploration & Production Inc.’s recent agreement to settle federal and state claims related to the 2010 Macondo blowout and spill improves t...

Statoil installs subsea wet gas compressor at Gullfaks

07/06/2015 Statoil SA installed what it is calling the world’s first subsea wet gas compressor at its Gullfaks C platform offshore Norway. By compressing at t...

The price of oil and OPEC-history repeating?

07/06/2015 The world oil market today is characterized by a standoff between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers a...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected