Exploration and Production companies working in the Niobrara

Promising Future for Companies Working in the Niobrara Shale Play The Niobrara shale is a hydrogen-rich play located primarily in northeastern Colorado, spreading into parts of Wyoming, Nebraska and Kansas. Oil is the main resource extracted from this play in the Denver-Julesburg (DJ) Basin. This area has produced both oil and gas for years, but as companies have begun exploring and developing the Niobrara, it has gained the reputation of being the next Bakken formation. EOG Resources EOG holds 400,000 acres in the Niobrara shale play which have begun to generate high return rates with consistent well results. The holdings are primarily in the DJ Basin in Laramie County, Wyoming, and Weld County, Colorado. In 2013, the company completed three horizontal wells. These initially produced an average rate of about 700 barrels per day. Over the next several years, EOG expects their rigs in the Niobrara to make significant contributions to their crude oil production. Anadarko Petroleum  As
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