Untitled Document
Untitled Document

Niobrara the next Eagle Ford?

The 'surprise factor' of the Niobrara may lure investors away from 'mature' Bakken

Investors will continue to abandon natural gas sensitive areas and refocus on oil, specifically the Niobrara, noted a September 29 report from Jefferies & Co. Inc.

Because the Niobrara is in its infancy, Jefferies called the play “ripe for investing” as “the market likes room for surprises.” While the company points out the Bakken as the “premier shale oil play,” it is “more mature and hence has less potential for surprises.”

The company points out, however, that the Niobrara “is not well understood and data has been spotty.” On the other hand, the Bakken is “verifiably economic with growth potential in Montana and extensional counties to the south of North Dakota.”

The company calls the Eagle Ford in the first quarter of 2010 the last “resource catalyst” that the E&P sector has seen and is looking to well results that should come from the Niobrara this quarter, noting that limited results from EOG Resources and Noble Energy Inc. have, thus far, been promising. The company expects to see results from Carizo, SM Energy, QEP Resources, Rex Energy and Voyer Oil and Gas by the end of the year. 

Source:  Jefferies & Co. Inc.

Related Articles

QEP Resources to sell non-core assets for $807M

05/06/2014 QEP Energy Co., a wholly-owned subsidiary of QEP Resources Inc., has entered into three definitive agreements to sell non-core oil and gas properties in the Midcontinent and Williston Basin for a c...

More Oil & Gas Financial Articles

QEP Resources to sell non-core assets for $807M

Tue, May 6, 2014

QEP Energy Co., a wholly-owned subsidiary of QEP Resources Inc., has entered into three definitive agreements to sell non-core oil and gas properties in the Midcontinent and Williston Basin for a combined purchase price of approximately $807 million.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ