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

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.

Niobrara Briefs

Aug 13, 2014

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

PwC: 2Q oil and gas M&A activity strongest in 5 years

Jul 30, 2014

The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Jul 29, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Carrizo reports initial multiple-bench Niobrara downspacing results

Jun 23, 2014

Carrizo Oil & Gas Inc., Houston, recently started production from its first multiple-geological-bench downspacing pilot, consisting of 8 wells, in the company's Bringelson Ranch area in Weld County, Colo.

Williams to buy Access Midstream Partners

Jun 16, 2014

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

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.

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