Niobrara

Niobrara Shale Description ImageThe Niobrara shale formation is situated in northeastern Colorado and parts of adjacent Wyoming, Nebraska, and Kansas. Primarily an oil play, it is in the Denver-Julesburg Basin, which has long been a major oil and gas province. An emerging play, the Niobrara is in its early stages and companies have been busy leasing land for future drilling. It has been compared by some to the Bakken shale formation farther to the north.

Samson Oil & Gas is one of the earliest companies to establish a position in the Niobrara, which some call the “NeoBakken.” Other operators include EOG Resources, Anadarko Petroleum, SM Energy, Noble Energy, Chesapeake Energy, Whiting Petroleum, Quicksilver Resources, MDU Resources, and Bill Barrett Corp. Chesapeake and EOG each have about 400,000 net acres in the Niobrara.

Niobrara Shale Map

Niobrara Shale News

NGL Energy expands DJ basin crude pipeline to 200,000 b/d

Feb 19, 2015

NGL Energy Partners LP will increase the capacity of its Grand Mesa crude pipeline to at least 200,000 b/d by using 20-in. OD pipe. Volumes committed to Rimrock Midstream LLC’s 150-mile Denver-Julesburg basin gathering system, currently under development and planned to tie into Grand Mesa at Lucerne, Colo., prompted the expansion decision.

Groups object to White River National Forest draft leasing decision

Feb 12, 2015

The Western Energy Alliance, West Slope Colorado Oil & Gas Association, and Public Lands Advocacy jointly filed a formal objection to the US Forest Service’s draft oil and gas leasing decision for the White River National Forest in western Colorado.

EIA: US gasoline prices to average $1/gal less in 2015 vs. 2014

Feb 10, 2015

US regular gasoline retail prices are expected to average $2.33/gal in 2015, down from $3.36/gal in 2014, according to the Energy Information Administration’s (EIA) latest Short Term Energy Outlook (STEO).

PwC: Low oil prices might drive surge in restructuring in 2015

Jan 29, 2015

Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to a report from PwC US. The record breaking year was primarily driven by a significant level of deals valued at more than $1 billion, especially in second-half 2014.

Carrizo cuts drilling, completion spending by 35%

Jan 27, 2015

Carrizo Oil & Gas Inc., Houston, is cutting its drilling and completion capital expenditure plan for the year by 35% to $450-470 million, but expects to keep oil production roughly flat with last year’s fourth quarter.

EIA: Continued global oil stock build to keep pressure on oil prices

Jan 13, 2015

In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward pressure on oil prices.  

ConocoPhillips slashes 2015 capital budget

Dec 8, 2014

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

BHI: Shortened week sees 12-unit loss in US rig count

Nov 26, 2014

The US drilling rig count fell 12 units to 1,917 rigs working as the country headed into the Thanksgiving holiday during the abbreviated week ended Nov. 26, Baker Hughes Inc. reported.

PwC: US oil, gas transaction value hits 10-year high in 3Q

Oct 29, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

Williams Partners, Access Midstream Partners to merge

Oct 27, 2014

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

BHI: US drilling rig count drops 12 units to 1,918

Oct 17, 2014

The US drilling rig count declined 12 units to settle at 1,918 rigs working during the week ended Oct. 17, Baker Hughes Inc. reported.

PwC: US shale deal activity jumps in second quarter

Oct 17, 2014

Merger and acquisition activity in the US oil and gas industry jumped in the second quarter of 2014, and nearly half of total deal value was related to shale plays, according to the Energy Practice of PwC.

Meritage starts up gas plant to serve Powder River producers

Oct 9, 2014

Meritage Midstream Services II LLC, Denver, has started up a natural gas processing plant in Campbell Country, Wyo., to handle production from the Powder River basin.

EIA: US industrial gas demand to rise 4% in 2015

Oct 3, 2014

Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock for chemical production.

Magellan launches Niobrara-to-Cushing crude line open season

Sep 24, 2014

Magellan Midstream Partners LP has launched an open season to assess customer interest in transporting various grades of crude oil from the Niobrara shale to its storage site in Cushing, Okla., via its proposed 600-mile, 20-in. OD Saddlehorn pipeline.

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