Posts tagged as:

Niobrara Shale

Devon – Sinopec JV Across 5 New Oil & Gas Plays Agreed

by Kenneth E. DuBose on January 4, 2012

Devon Energy and Sinopec (China) have inked a joint-venture (JV) deal worth $2.2 billion for a 1/3 interest in Devon’s acreage across five new venture plays. Devon is selling an interest in 1.2 million net acres for a little more than $5,000 per acre across several emerging plays: Tuscaloosa Marine Shale Niobrara Shale Mississippian Ohio’s […]

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Anadarko Petroleum’s initial horizontal results in the Wattenberg Field indicate the company has 500 million to 1.5 billion boe in resource potential. That’s a mid point of 1 billion barrels net to the company. One billion barrels is a big boost to any area and any company. Wattenberg Niobrara IPs from the first 11 horizontal […]

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Drilling Grows in Urban Areas

by Kenneth E. DuBose on October 26, 2011

Drilling is expanding in urban areas like Denver, Dallas-Fort Worth, and Pittsburgh. Don’t expect that to change any time soon. The industry will go where it can make a margin. The side effect is the industry is much more visible to the average citizen. Oil & gas producers will be educating people about the industry […]

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Oil & Gas Tax Revenues Pay for Education in Colorado

by Kenneth E. DuBose on October 24, 2011

The Weld County, Colorado, oil & gas industry supports 70% of educational expenses across the state. That’s an impressive number. Weld County has zero debt and the lowest tax rates of any county in the state. Just more support that oil & gas jobs are created and the economy performs well when drilling and production […]

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Colorado Severance Tax and Mineral Lease Revenue Distributed

by Kenneth E. DuBose on September 2, 2011

Colorado severance tax and mineral lease proceeds of $54 million are being distributed to 506 counties and districts across the state. That’s a nice jump from the $37 million distributed last year. Colorado will distribute $54,655,280 raised via the state’s severance tax on minerals and a share of leases on federal mineral rights will be […]

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El Paso County CO Niobrara Shale Oil & Gas Leasing Booms

by Kenneth E. DuBose on August 29, 2011

El Paso County, CO, has never had a commercial oil & gas well, but leasing sure indicates that might change in the near future. The rumored target is the Niobrara Shale, but we’re still in the stages of tight lips, so we haven’t heard a definite just yet. Leasing activity continues to pick up, so […]

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Noble Energy – Consol Energy Marcellus Shale JV $3.5 B

by Kenneth E. DuBose on August 19, 2011

Noble Energy and Consol Energy have reached a $3.4 billion joint venture (JV) agreement where Noble will acquire a 50% interest in over 663,000 undeveloped acres in the Marcellus Shale. The position adds another long lived asset to Noble Energy’s core positions in Colorado’s Niobrara Shale and Israel’s offshore gas prospects. While spread over several […]

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Forced Pooling in Colorado Becomes a Contentious Debate

by Kenneth E. DuBose on August 15, 2011

Forced Pooling in Colorado is being used as leverage to coax landowners into signing leases and you can bet the topic will become a major debate within the mineral owner community. The state regulation has previously been enforced in areas where the oil & gas operator is only able to secure 60% of the minerals […]

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Devon Energy Targets Oil and Liquids-rich Gas Acreage

by Kenneth E. DuBose on August 3, 2011

Devon Energy plans to begin exploration and delineation of its liquids-rich gas and oil acreage across several emerging shale plays in 2011. The company has assembled over one million acres across several booming plays that stretch from Louisiana all the way to Colorado and Michigan. Investors and mineral owners alike will be waiting to hear […]

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Douglas County CO – Niobrara Shale Drilling Moving In

by Kenneth E. DuBose on July 27, 2011

Parker, CO, and Castle Rock, CO, are moving to adopt oil & gas drilling regulations for the Niobrara Shale after the Colorado Oil and Gas Conservation Commission received two unit applications in Douglas County, CO. This is the first real sign of activity. We’ve known about mineral leasing in the area, but this is the […]

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