Where is the niobrara oil field

JAKE H was horizontally drilled into the Niobrara and then fractured fracked using new technology to make the Niobrara the next hot oil play. So is this discovery abnormal or is this the kind of production the oil companies expect when drilling a Niobrara well with new horizontal drilling and fracking technology? If the land rush that this discovery set off is any indication, these wells may well be typical of the production that can be expected from many other Niobrara wells.

The answer to that question is of course dependent on your lease, however you can get a general idea of what your royalties would be by making some calculations with some industry and Niobrara play standard figures.

A free online calculator provided by Mantra Resources is available. Thats a lot of targets! So the math can only get better! So you have finally gotten a royalty check… but there are deductions. The tax man wants his share, and there are quite a few of them lined up with their hands out. So who are they?

It is highly recommended that you go to visit our friends at the Mineral Rights Forum Web for a very nice detailed breakdown or Royalty Statements and Taxes, but a quick summary can be found below. That untapped potential makes this a region investors should keep an eye on as the oil market recovers, because it could be a major growth driver for the companies that control dominant positions in the Rockies.

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Who Is the Motley Fool? Fool Podcasts. New Ventures. The well results continue to confirm our original thought that the highly fractured nature of the Niobrara in this area may result in a wider distribution of outcomes in many other resource place.

We believe that it is logical to try to drill these wells with longer laterals similar to what we're doing in the Bakken. And that's the direction we'll be moving in this area in We're currently drilling our first Niobrara test well in the deep portion of the Powder River Basin where we have a significantly larger acreage position. EOG Resources, Inc. Across its other crude oil and liquids-rich shale plays, EOG also recorded strong, consistent performance.

This agreement represents a significant investment by ConocoPhillips in this area south and east of the greater Denver metroplex.

The replacement pump being run is expected to be suited to the amount of gas that is contained in the oil, which has resulted in low pump efficiency. Samson is currently permitting a well in the sections immediately west of the Defender location where the seismic coherency data suggests an intense level of fracturing.

This location and two others would be available for the farminee to drill. Encana ECA - Encana has announced they have acreage in the Niobrara Shale - In the DJ Basin Niobrara Wattenberg field in Colorado, Encana holds about 48, net acres and has drilled five wells with horizontal lateral of between 4, and 4, feet with up to 17 completed stages.

Another 10 gross wells are planned for Encana has identified nearly drilling locations on its existing lands in the play. Southwestern Energy SWN - Southwestern Energy SWN could be drilling the Niobrara Shale soon - The company has also leased approximately , net acres in the Denver-Julesburg Basin in eastern Colorado where the company has begun testing a new unconventional oil play targeting middle and late Pennsylvanian to Permian age carbonates and shales.

In April, the company spud its first well, the Ewertz Farms , located in Adams County, Colorado, with a planned total vertical depth of 9, feet with a 2,foot lateral targeting the Marmaton formation.

This well reached a total depth of 9, feet and is currently logging. The rig will next move to drill the Staner well located in Arapahoe County. This well is planned to be drilled 9, feet vertically and is expected to spud in May. If the company's drilling program yields positive results, it expects that activity in the area could increase significantly over the next several years. Approximately potential gross well sites are available based on acre spacing.

Anadarko Petroleum Corp. The vast majority of this acreage is economically advantaged by the company's fee mineral ownership via the Land Grant. With three horizontal rigs active in the play during the quarter, Anadarko drilled 10 horizontal Niobrara wells and is currently producing from 15 wells.

The company has an additional , net acres of horizontal Niobrara opportunity in the Powder River Basin, where the company plans to add a rig in the 3rd quarter to test multiple locations. Anadarko plans to drill more than 40 horizontal Niobrara wells during Update - In November , Anadarko updated the resource potential of its horizontal Niobrara and Codell opportunities in the liquids-rich Wattenberg field of northeastern Colorado. Based upon the results of this horizontal drilling program, the company announced a net resource potential within the Wattenberg field of million to 1.

Anadarko is currently operating five horizontal rigs in the Wattenberg field and two additional horizontal rigs that are evaluating liquids-rich opportunities in Wyoming's Powder River Basin. To enhance the strategic alignment of its upstream and midstream assets in Colorado, Anadarko acquired the Wattenberg Plant in March In the Niobrara , industry results to date have been mixed and somewhat challenged in some areas, but we are still in the early stages of evaluating our acreage.

However, we recently completed our first well in the Turner formation on our Niobrara acreage with encouraging results. After being online for 22 days, the Waterbuck had averaged barrels of oil equivalent per day.

In total, we expect to have 35 wells drilled here by year end. Five wells have been turned to sales. These early rates are exceeding the Company's initial type curve estimate of thousand barrels of oil equivalent "Mboe" per well for its horizontal Niobrara program.

Drill times on the 4, foot horizontal laterals 11, foot measured depth in these areas averaged less than ten days from spud to total depth. Typical frac designs entail approximately 16 stages per horizontal well. The Company anticipates a total of 16 horizontal Niobrara wells to be spud and approximately 14 completions to be executed during PDC continues to assess its inventory of horizontal Niobrara opportunities within the core Wattenberg Field.

Based on a current assessment of potential locations, the Company has increased its projected inventory from to gross locations. Whiting controls 97, gross 74, net acres in the play. We recently completed two new producers at Redtail. The well was drilled to a total vertical depth of 6, feet on a acre spacing unit in the southwest portion of the Redtail prospect. Its 4,foot lateral was fracture stimulated in a total of 20 stages, all using sliding sleeves.

The well was drilled on a acre spacing unit, and its 6,foot lateral was fraced in a total of 31 stages.