Unconventional Oil & Gas

Shale plays first come to mind when one considers unconventional resources. These unconventional resource plays may yield natural gas, gas condensates, and crude oil. Some of the more noteworthy shale plays in North America include the Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.

SECTIONS

Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

Niobrara

Niobrara Shale Description ImageThe 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.

Niobrara Shale Map

Niobrara Shale News

EIA: Five states, GOM produce over 80% of US crude oil

Mar 31, 2014

Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.

Summit Midstream Partners reports $305M drop-down acquisition

Mar 11, 2014

Summit Midstream Partners LP reports that its wholly owned subsidiary, Grand River Gathering LLC, has agreed to acquire 100% of the equity interests in Red Rock Gathering Co. LLC from a subsidiary of Summit Midstream Partners LLC for $305 million.

Southwestern Energy enters Niobrara play

Mar 6, 2014

Southwestern Energy Co., through its wholly owned subsidiary Southwestern Energy Production Co., has signed an agreement to purchase 312,000 net acres in northwest Colorado targeting crude oil, natural gas liquids, and natural gas contained in the Niobrara formation from Quicksilver Resources Inc. and SWEPI LP, a wholly owned subsidiary of Royal Dutch Shell plc for $180 million.

Lilis Energy to convert $15.6M of outstanding debentures to equity

Feb 3, 2014

Lilis Energy Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin, has reached agreement with all of the holders of its outstanding series of Convertible Debentures to convert up to all of the debentures to shares of the company's common stock.

Lilis Energy to dedicate private placement proceeds to Wattenberg drilling

Jan 22, 2014

Denver-based Lilis Energy Inc. (Nasdaq:LLEX), an independent oil and gas exploration and production company focused on development in the Wattenberg filed and surrounding Denver-Julesburg (DJ) Basin, has closed on a $7.5 million financing in the form of a private placement of restricted units, with each unit consisting of one share of its common stock and one common stock purchase warrant.

Armada Oil closes asset reallocation financing transaction

Dec 31, 2013

Armada Oil Inc. has closed an asset reallocation financing transaction with Gulfstar Resources LLC, a private energy investment group.

Bonanza Creek

Dec 12, 2013

Since its entry into the public markets in December 2011, Bonanza Creek Energy Inc.'s (NYSE: BCEI) shares have appreciated almost 350%.

Bill Barrett closes in on Niobrara focus with West Tavaputs sale

Dec 12, 2013

Narrowing the focus of its portfolio, Bill Barrett Corp. (NYSE: BBG) has closed on its previously announced sale of the West Tavaputs natural gas property located in the Uinta Basin, Utah to affiliates of EnerVest Ltd. for a total adjusted transaction value of $369 million

PDC Energy to spend $469M on Wattenberg in 2014

Dec 10, 2013

PDC Energy Inc. (Nasdaq:PDCE) plans to spend the majority of its 2014 capital budget on organic growth in its core operations in the liquid-rich Wattenberg Field of Colorado, including the horizontal Niobrara and Codell plays, the company noted December 10.

Entek Energy acquires additional Niobrara assets

Dec 9, 2013

Entek Energy Ltd. (ASX: ETE) has acquired all of the remaining jointly held Niobrara assets within Colorado and Wyoming from a former partner, covering the Niobrara oil resource play.

Recovery Energy changes name to Lilis Energy

Nov 27, 2013

Recovery Energy Inc. is changing its corporate name to Lilis Energy Inc. The company's new ticker symbol will be LLEX, trading on NASDAQ, and is scheduled to take effect on Dec. 2.

Noble Energy closes on acreage exchange in DJ Basin

Oct 22, 2013

Noble Energy Inc. has closed on an acreage exchange with Anadarko Petroleum Corp. in the greater Wattenberg area of northern Colorado. Each party contributed approximately 50,000 net acres to the exchange. The effective date of the transaction was Jan. 1, 2013.

EE3 completes record Niobrara well in North Park Basin

Oct 15, 2013

EE3 LLC, an independent oil and gas exploration and production company headquartered in Boulder, Colorado, has noted the highest reported 24-hour initial production rate of a horizontal Niobrara well drilled in the North Park Basin.

Synergy Resources continues mini Wattenberg Field land grab

Sep 18, 2013

Inergy, Enserco form crude oil rail terminal JV in Niobrara

Sep 4, 2013

Inergy Midstream LP (NYSE:NRGM) and Enserco Midstream LLC have formed a joint venture to own and operate a crude oil rail terminal located in Douglas County, Wyoming.

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