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.
Financial discipline and efficiencies set WPX Energy apart from its peers
May 1, 2013
AN INTERVIEW WITH RALPH A. HILL, PRESIDENT AND CEO OF WPX ENERGY |
Synergy Resources files $250M shelf
Feb 19, 2013
Domestic oil and natural gas exploration and production company Synergy Resources Corp. (NYSE Mkt: SYRG) filed a mixed shelf for common stock, preferred stock, convertible preferred stock, rights and warrants for an initial price offering not to exceed $250 million. |
Pacific Energy Development releases initial production rate of Niobrara well
Feb 12, 2013
PEDEVCO Corp., d/b/a Pacific Energy Development, has released test results from its second horizontal well, the Waves 1H well, located in Weld County, Colorado, prospective for the Niobrara formation. |
Upstream News
Feb 1, 2013
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WPX Energy makes natural gas discovery in Niobrara formation
Jan 23, 2013
Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado has the potential more than double the company’s current 18 trillion cubic feet equivalent of 3P reserves. |
Emerald Oil to sell Sand Wash Basin leases
Jan 8, 2013
Denver, CO-based Emerald Oil Inc. has executed an agreement to sell its interests in approximately 30,902 net mineral acres in the Sand Wash Basin to a private oil and gas company for approximately $10 million cash at $325 per acre. |
Quicksilver Resources, Shell close Niobrara Sand Wash Basin deal
Jan 3, 2013
Fort Worth, TX-based oil and gas company Quicksilver Resources Inc. has closed its previously-announced Sand Wash Basin acquisition and exploration agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc. |
Emerald Oil names Veltri COO
Dec 11, 2012
Denver, CO-based oil exploration and production company Emerald Oil Inc. has appointed David Veltri as COO. |
Emerald Oil closes senior credit facility with Wells Fargo
Nov 21, 2012
Denver, CO-based independent oil and gas exploration and production company Emerald Oil Inc. has closed on a senior credit facility with Wells Fargo Bank NA. |
Eyeing the Niobrara, Recovery Energy makes executive appointments
Nov 16, 2012
Denver-based Recovery Energy Inc., an independent oil and gas exploration and production company with operations and assets in the Denver-Julesburg (DJ) Basin, has appointed W. Phillip Marcum to the position of chairman of the board and CEO and A. Bradley Gabbard to the position of president. |
Armada Oil enters deal with Anadarko subsidiary to develop Niobrara acreage
Nov 10, 2012
Armada Oil Inc., an emerging independent oil and gas company, has entered into an agreement with a wholly owned subsidiary of Anadarko Petroleum Corp., allowing Armada to broaden its flagship Niobrara project in Southern Wyoming. |
Orr Energy acquisition gives Synergy Resources bolt-on production in DJ Basin
Oct 26, 2012
Co-based Synergy Resources Corp., a US oil and gas exploration and production company focused on the Denver-Julesburg (D-J) Basin, has entered into a definitive agreement to purchase from Orr Energy 36 producing oil and gas wells in the Wattenberg Field of the Denver-Julesburg Basin. |
Jefferies: Carrizo Oil & Gas Niobrara JV in line with expectations, Gulf Coast deal ‘underwhelming’
Oct 4, 2012
Carrizo Oil & Gas Inc. has entered into a Niobrara shale joint venture with two Delhi, India-based energy companies and has completed the sale of virtually all of its Gulf Coast assets. |
Quicksilver looks to unlock Niobrara oil reserves with Shell JV
Sep 25, 2012
Quicksilver Resources has signed a joint venture agreement with a unit of Shell in the Sandwash Basin of Northwest Colorado. |
Diverse unconventional resource plays characterize Western US
Sep 1, 2012
The most important Western US unconventional resource play not named Bakken is the Niobrara, which is found in various states, but most notably in the Denver-Julesburg basin in Colorado, Wyoming, and a small portion of western Nebraska. |