I can't recall if I posted this earlier (I don't think I did) but
recent news articles suggest this story might have some legs.
WPX Energy’s successful Niobrara shale discovery in western
Colorado has the potential to significantly increase the company’s
natural gas reserves and daily production in ensuing years.
The discovery well produced an initial high of 16 million cubic feet per
day at a flowing pressure of 7,300 pounds per square inch.
The well has since been choked back substantially to optimize reservoir
performance and ensure maximum resource recovery. Over the past 30 days,
it produced at an average rate of 12 million cubic feet per day.
WPX has the lease rights to approximately 180,000 net acres of the
Niobrara/Mancos shale play that underlies the company’s expansive
leasehold position in the Piceance Basin.
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