Wednesday, August 17, 2011

Niobrara Shale Basin News Briefs

Industry officials call for patience in slow-moving Niobrara Shale oil play

Billings Gazette - ‎Aug 13, 2011‎
While the Niobrara Shale play in southeast Wyoming has been slow to produce results, efforts in the Douglas area have shown promise.

ConocoPhillips Acquires Niobrara Shale Acreage In Colorado

NASDAQ - Angel Gonzalez - ‎Jul 28, 2011‎
HOUSTON -(Dow Jones)- ConocoPhillips (COP) said Thursday it has agreed to buy 46000 acres in the Niobrara Shale from Lario Oil & Gas in Colorado.

2 Small-Cap Energy Stocks on My Radar

msnbc.com - Paul Chi - ‎Aug 10, 2011‎
What's more, this company has amassed more than 70000 net acres in the Niobrara shale. While this company's cash flows and reserves consist mainly of natural gas, Double Eagle may add a meaningful amount of oil to its production and reserve mix as it ...
Liquids Lift Carrizo to Record Production NGI's Shale Daily (subscription)

NOREEN: If angst was oil, we'd all be rich

Colorado Springs Gazette - Barry Noreen - ‎14 hours ago‎
Is there oil thousands of feet deep, beneath what is known as the Niobrara Shale Formation? The general public doesn't know and if anyone else does, the secret is being closely held.

ENSERVCO Reports Revenue Growth of 34% and 49% in Second Quarter and Six-Month ...

MarketWatch (press release) - ‎Aug 15, 2011‎
"Much of our attention during the quarter was focused on launching our North Dakota and Wyoming operations centers, which will serve customers in the Bakken Shale and Niobrara Shale regions, respectively. The lengthy heating seasons in both of these ...

The two faces of ConocoPhillips

Petroleum Economist - ‎2 hours ago‎
The latest, its July purchase of up to 46000 acres in Colorado's Niobrara shale from Lario Oil & Gas. That's not to say it's retrenching to home territory.

Recovery Energy Reports Second Quarter Financial Results and Provides ...

MarketWatch (press release) - ‎17 hours ago‎
In addition to being prospective for the Niobrara oil shale formation, the Company's asset base is comprised of current production and reserves from the "J" sand along with extensive leasehold prospective for other hydrocarbon-bearing formations such ...

PDC Lifts 2011 Capital Budget, Production Forecast - Quick Facts

RTT News - ‎Aug 3, 2011‎
This production growth exceeds prior 2011 guidance of 44.9 Bcfe, and is expected to come from the Wattenberg Field including the horizontal Niobraradevelopment, Permian Basin and Marcellus Shale development, as well as from the partnership repurchase ...

Three US oil and gas companies file for IPOs

Reuters - Aditi SharmaMaju Samuel - ‎Aug 12, 2011‎
The company has exposure to the Bakken shale in North Dakota and Montana, the Denver-Julesburg Basin and the Niobrara shale in the Rocky Mountain region, and the Granite Wash and the Mississippian oil trend in the mid-continent region.

Noble Energy's operations boosted by Niobrara

Gas Business Briefing - ‎Jul 29, 2011‎
Noble Energy Inc continues to expand its Niobrara Shale drilling program at Wattenberg, with plans to bring a fifth horizontal rig into the field in the middle of this quarter.

Emerging Shale Oil Plays

Investing Daily - Peter Staas - ‎Aug 11, 2011‎
This strategy that has paid off for EOG Resources (NYSE: EOG), the leading oil producer in North Dakota, the Eagle Ford Shale and theNiobrara Shale. Lower entry prices translate into more financial flexibility and superior margins for producers that ...

Learn more about oil and gas drilling

Colorado Springs Independent (blog) - Pam Zubeck - ‎Aug 9, 2011‎
Two public meetings are scheduled this month to shed light on oil and gas drilling the Niobrara Shale formation which underlies El Paso County.

Jason Wangler Thinks Williston Basin Stocks are Hot

Oakshire Financial - ‎21 hours ago‎
Gulfport is also drilling wells in south Louisiana and in the Permian Basin of Texas, and in the Niobrara in the Rockies. It also has some oil sands in Canada.

Carrizo Oil and Gas Q2 profit up on higher production

Reuters - Divya LadRoshni Menon - ‎Aug 9, 2011‎
Eagle Ford Shale is an oil-rich basin located in South Texas while Niobrara is in the Denver-Julesberg basin in Colorado.

Ultra Petroleum makes bid on Colorado Springs acreage

Bizjournals.com - Deon Daugherty - ‎Jul 29, 2011‎
The swath of 18000 acres known as the Banning Lewis Ranch and near the Niobrara shale was intended to be a master planned community including as many as 75000 homes.

Bill Barrett Corporation Reports Second Quarter 2011 Results and Announces ...

MarketWatch (press release) - ‎Aug 4, 2011‎
The Company's DJ Basin exploration is targeting Niobrara oil. McRae Gap - The Company has identified approximately 103000 net undeveloped acres within its acreage position in the area that it considers prospective for Niobrara shale oil.

Colorado property owners faced with possibility of being forced into drilling ...

Denver Post - Mark Jaffe - ‎Aug 14, 2011‎
The horizontal wells the industry is drilling to capture oil from the Niobrara's shale can extend 5000 feet or more, requiring larger drilling areas that will affect more landowners, Astrella said.

Summit aims to answer oil, gas exploration questions

Colorado Springs Gazette - Debbie Kelley - ‎Aug 10, 2011‎
The Niobrara Shale formation, the latest fossil fuel find in the area, undercuts much of eastern Colorado and parts of Wyoming, Kansas and Nebraska.

Delta Petroleum Corporation Reports Strong Initial Results From the 2C Well ...

PR Newswire (press release) - ‎Jul 25, 2011‎
We believe that this well's result combined with other Delta operated shale wells and similar wells from other operators in the Piceance Basin, validate the resource potential of the Niobrara and Mancos shales in the basin. It is important to note that ...

Marathon Oil Corporation Reports Second Quarter 2011 Results

Citybizlist (press release) - ‎Aug 2, 2011‎
During the second quarter of 2011, Marathon Oil assigned an undivided 30 percent working interest in 180000 acres in the Niobrara Shaleplay, located in southeast Wyoming and northern Colorado, to another company for $270 million, recording a gain of ...

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