TIGHT GAS DRILLING BRINGS COLORADO'S WATTENBERG FIELD ITS BUSIEST YEAR

Drilling in northeastern Colorado's Wattenberg field shows no sign of slowing down even though the federal tax credit applicable to tight sand gas wells was not extended, says a report by Petrie Parkman & Co., Denver. Wattenberg's main operators plan to drill more than 1,000 wells in the field this year, making it one of the busiest in the U.S. Most present drilling targets gas in Cretaceous Codell and Niobrara low permeability sands at 6,700-8,200 ft, but the field has seven potential

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