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

Baker Hughes: US drilling rig count declines to 1,854

Jun 13, 2014

The US drilling rig count dropped 6 units for the second consecutive week, settling at 1,854 rigs working during the week ended June 13, Baker Hughes Inc. reported.

Voters may decide future of fracing in Colorado

Jun 10, 2014

This year, all eyes will be on Colorado as numerous ballot initiatives have been proposed that could impact the future of hydraulic fracturing.

PwC: US M&A activity reaches highest 1Q volume in more than a decade

Apr 30, 2014

The US oil and gas industry recorded its highest volume of first quarter mergers and acquisitions (M&A) in more than a decade, PwC US Energy Practice said in an Apr. 30 report on transactions with value greater than $50 million. The movement was a result of rising upstream activities and increased interest from foreign entities.

Whiting reshuffles management following key retirement

Apr 30, 2014

Denver independent Whiting Petroleum Corp. reported that James T. Brown, president and chief operating officer since 2011, will retire. James J. Volker, chairman and chief executive officer, will assume the additional position of president.

Proposal would create patchwork of regulations in Colorado

Apr 16, 2014

Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas development.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Southwestern Energy to acquire Niobrara acreage for liquids-rich play

Mar 7, 2014

Southwestern Energy Co., Houston, has agreed to purchase 312,000 net acres in northwest Colorado targeting oil, natural gas liquids, and natural gas in the Niobrara shale play, the company reported. Southwestern will acquire the land from Quicksilver Resources Inc. and Swepi LP, a unit of Royal Dutch Shell PLC, for $180 million.

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

Jan 31, 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

PwC: US M&A activity down in 2013 despite strong finish

Jan 28, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn’t enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Baker Hughes: US drilling rig count jumps to 1,777

Jan 17, 2014

Land rigs accounted entirely for the sharp 23-unit increase in the US drilling rig count during the week ended Jan. 17, Baker Hughes Inc. reported. The US now has 1,777 rigs working.

Baker Hughes: US drilling rig count drops to 1,768

Dec 20, 2013

The US drilling rig count relinquished 14 units to settle at 1,768 rigs working in the week ended Dec. 20, Baker Hughes Inc. reported.

Niobrara Briefs

Dec 13, 2013

Production from Niobrara shale continues to rise

Dec 13, 2013

In Colorado's D-J basin, daily output of oil and natural gas from the Niobrara shale continues to climb. This scenario is expected to continue, despite attempts to limit development on the political front.

WPX to develop San Juan Gallup oil discovery

Aug 5, 2013

WPX Energy Inc., Tulsa, will drill 8-10 development wells in New Mexico in 2013 near a San Juan basin oil discovery at which the first four wells flowed at commercial rates from Cretaceous Gallup sandstone.

Pacific Energy Development drills two Niobrara wells

Jul 5, 2013

Pacific Energy Development Corp., Danville, Calif., has drilled two wells on its Niobrara holdings in northeastern Colorado.

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