Posts tagged as:

Niobrara Shale

The Niobrara Shale set off a leasing boom in the Denver Julesburg Basin and it might incite a new round of drilling in the Piceance Basin. Delta completed the latest of several successful industry shale wells in the Piceance Basin. Delta expects the well to ultimately produce from the Mancos Shale and Frontier formations as […]

{ Comments on this entry are closed }

EIA – Shale Oil Production Coming

by Kenneth E. DuBose on July 11, 2011

The EIA estimates technically recoverable U.S. shale oil reserves are over 24 billion barrels or enough to fuel our needs for 7 years. What I find interesting is that some industry proponents like Harold Hamm of Continental Resources think that the Bakken alone holds 24 billion barrels of oil equivalent. If that’s the case, expect […]

{ Comments on this entry are closed }

Anadarko Sells Bison Processing Plan to Western Gas

by Kenneth E. DuBose on July 5, 2011

Anadarko Petroleum is selling gas processing assets in the Powder River Basin of eastern Wyoming to its Western Gas subsidiary for $130 million. The plant processes natural gas and carbon dioxide. Expect processing capacity in the Powder River Basion to increase if the Niobrara Shale proves commercial across the basin “Western Gas Partners LP said […]

{ Comments on this entry are closed }

Private E&P Companies May Sell Niobrara Assets

by Kenneth E. DuBose on June 24, 2011

Drilling in unconventional plays requires a lot of capital, which means many of the private companies will likely sell before raising additional capital.  Several companies could be potential takeover targets. “The company estimates that more than 550,000 acres in the Niobrara play belong to small private companies that could potentially be available as acquisition targets. […]

{ Comments on this entry are closed }