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The 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.
PDC Energy to acquire Core Wattenberg assets, accelerate Niobrara development
May 14, 2012
Denver, Colo.-based Petroleum Development Corp. today announced it has executed a definitive agreement to acquire Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6 million. The effective date of the transaction is April 1, 2012 with closing scheduled for June 29, 2012. |
Dejour completes frac at South Rangely Niobrara well
Dec 12, 2011
Dejour Energy Inc. has fracture stimulated and is preparing to flow the test well drilled in Q3 2011 on its South Rangely leasehold, in Rio Blanco County. |
Temporary ban impacts Niobrara plans for Ultra Petroleum
Dec 1, 2011
A temporary drilling moratorium spanning Banning Lewis Ranch in eastern Colorado Springs and enacted by the city has halted certain activity by Ultra Petroleum in the Niobrara Shale area, said Global Hunter Securities in a note to investors December 1. |
Anadarko estimates Niobrara net resources could reach 1.5Bboe
Nov 15, 2011
Recent results from Anadarko Petroleum Corp.’s first 11 horizontal Niobrara and Codell wells in the Wattenberg field of northeastern Colorado show strong initial production (IP) rates and could serve as a catalyst for potential joint venture agreements. |
ConocoPhillips acquires Niobrara acreage from Lario Oil & Gas
Jul 29, 2011
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UPDATE: Bill Barrett adds to DJ Basin Niobrara oil position
Jul 14, 2011
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Bill Barrett adds to DJ Basin Niobrara oil position
Jul 12, 2011
Denver-based Bill Barrett Corp. has signed a purchase and sale agreement with a Texas American Resources Co. affiliate to acquire DJ Basin properties targeting Niobrara oil for $150 million. |
Australia's Samson Oil, Chesapeake target Codell sandstone beneath Niobrara
Jul 5, 2011
Australia-based Samson Oil & Gas Ltd. has elected to work with US-based Chesapeake Energy on two wells targeting the Codell Sandstone in Goshen County, Wyoming, USA. |
IHS: Driven in part by Asian buyers, private cos may be big sellers of Niobrara assets
May 24, 2011
A heated merger and acquisition market in the oil and gas industry, which is being driven in part by Asian buyers willing to pay a premium to secure resources, may entice private exploration and production companies to consider selling their assets in the Niobrara play, said IHS in a special report. |
Promising Niobrara Shale well results for Texas American Resources
May 11, 2011
Privately held Texas American Resources Co. (TARC) has released results of its initial Niobrara Shale well, the Talmadge 44-17H. |
Select Energy acquires Schneider Energy to grow Niobrara presence
May 2, 2011
Oilfield service and supply company Select Energy Services LLC has acquired Schneider Energy Services Inc. in an effort to grow its Niobrara shale and DJ Basin presence. |
Oil companies ramp up operations in liquids-rich Niobrara shale play
May 1, 2011
Oil companies ramp up operations in liquids-rich Niobrara as play is considered ripe for investing.
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Marubeni buys into Niobrara Shale through Marathon Oil
Apr 6, 2011
Marathon Oil has agreed to sell a portion of its Niobrara Shale-focused acreage to Marubeni Denver Julesburg, a subsidiary of Japan-based Marubeni Corp. for $270 million, or $5,000 per acre. |
Anadarko acquires plant in Wattenberg Basin near Niobrara Shale play
Mar 29, 2011
Houston-based Anadarko Petroleum has agreed to purchase BP America Production Company’s 93% interest in the Wattenberg Processing Plant for approximately $575.5 million. |
Chesapeake and CNOOC partner in Niobrara-focused DJ Basin and the Powder River Basin
Jan 31, 2011
Oklahoma-based Chesapeake Energy and CNOOC Limited of China have entered into a partnership agreement in the Niobrara Shale-focused Denver-Julesburg (DJ) Basin in northeast Colorado and the Power River Basin in southeast Wyoming. |