Saturday, February 20, 2010

Niobrara (DJ Basin)

Background
NEWS


November 15, 2022: Phoenix Capital Group announces DJ Basin acquisition. Press release here.

November 15, 2021: Brigham Minerals announced accretive DJ Basin acquisition. Press release here. Social media here.

November 27, 2019: COP sells Niobrara assets to Crestone; financial details not disclosed; 97,000 acres; triples holdings for Crestone. 

August 26, 2019: PDC buys SRC; becomes #2 producer in the DJ

October 17, 2018: is the Niobrara really the next big thing? -- RBN Energy.

April 15, 2018: Anadarko with a new completion strategy -- greatly reducing the amount of proppant being used in completions.

February 1, 2018: update on the Niobrara, Mike Filloon.

December 8, 2017: merger in the DJ Basin.

Bill Barrett Corp., Denver, and Fifth Creek Energy Co. LLC, Denver, have agreed to merge in a deal valued at $649 million creating an oil- and natural gas liquids-weighted firm with a combined 151,100 net acres focused on rural areas in the Denver-Julesburg basin. The deal includes shares plus the assumption of as much as $54 million of debt.
Bill Barrett and Fifth Creek will become subsidiaries of a newly formed holding company, New BBG, with plans to accelerate drilling on the combined acreage. The deal is expected to close in late first-half 2018.
March 31, 2017: Whiting -- comparing Redtail Niobrara with the Bakken.

July 14, 2016: update on the Niobrara, RBN Energy. 

October 8, 2015: Encana sells all its assets in the D-J Basin

October  11, 2014: feel-good story; Campbell County, north of Converse County; Gillette is the county seat of Campbell County; Douglas is the county seat of Converse County; Casper lies to the west of Douglas.

April 12, 2014: Whiting is making huge bet in the Niobrara; Whiting says Niobrara is better than the Bakken on a "per-section" comparison.

April 9, 2014: D-J Basin could have more than 4 billion bbls of recoverable oil.

March 13, 2014: MDU completes purchase of oil and gas acreage in Converse County, Wyoming; Southern Powder River Basin, press release.

March 11, 2014: Bonanza Creek update -- Mike Filloon.

August 15, 2013: Bonanza Creek and the Niobrara -- Z-Man. 

August 8, 2013: 2013 could be the year of the Niobrara -- Mike Filloon. 

June 14, 2013: some Motley Fool fluff on the Niobrara, COP, Noble, Anadarko, others

April 12, 2013: at SeekingAlpha, a 27-internet-page transcript provided by Bonanza Creek Energy, an investor day presentation, concentrating mostly on the Wattenberg field of the Denver Basin, and the Niobrara formation. Also a post and a link to the corporate presentation. Niobrara::Bakken; Sanish Field::Wattenberg Field; Denver Basin::Williston Basin

December 17, 2012: estimates of the Niobrara soar to 3.6 billion bbls

November 25, 2012: BLM approves drilling requests in the Niobrara. Chesapeake, Samson Resources, and Anadarka Petroleum had filed comments of support.
The Bureau of Land Management Casper Field Office has approved three drilling projects that could bring as many as 444 new oil and natural gas wells to eastern Wyoming.
The federal agency on Wednesday released decision records and findings of no significant impact for three projects — the East Converse, Highland Loop Road and Spearhead Ranch exploratory areas — which cover parts of Converse and Niobrara Counties.
October 16, 2012: human interest / update on the Niobrara.

April 27, 2012: how to play the Niobrara -- Mike Filloon at SeekingAlpha.

April 15, 2012: Another pipeline -- Niobrara to Texas, 435 miles.

November 14, 2011: Anadarko data points -- Anadarko happy with Niobrara results. Will drill 2,000 wells in Wattenburg area; average EUR 300,000 - 600,000 boe; the formations in the area may have 0.5 to 1.5 billion oils equivalent. 

October 23, 2011: Human interest story on "land grab" in Colorado. NIMBY for those driving SUVs.

September 17, 2011: A story yet to be told. Almost nothing going on in the Niobrara.

August 15, 2011: Investopedia's Mike Fox on the Niobrara. 

April 26, 2011: Niobrara interest in Nebraska, but lots of skepticism.

April 6, 2011: Marathon's Niobrara acreage valued at $5,000/acre

January 21, 2011: SeekingAlpha -- The Niobrara in 2011.

November 24, 2010: Niobrara update in the Casper Journal.

November 15, 2010: Voyager strikes oil in the Colorado Niobrara in a joint venture with Slawson.

November 12, 2010: USGS assesses Niobara in Colorado/Wyoming.

October 25, 2010: Comprehensive update.

July 27, 2010: Niobrara in Wyoming.
Recent state and federal lease auctions attracted hundreds of bidders, and many paid jaw-dropping prices for parcels in the Niobrara play. One state parcel went for $3,200 per acre. A little more than a year ago, new oil drilling in the region wasn't even imaginable, and a mineral lease might have gone for $10 per acre.
July 10, 2010: For some, the Niobrara is the "new" Bakken.

March 17, 2010: Reuters on the Bakken and the Niobrara.

February 20, 2010: Another formation for oil? First mention.
EOG looking at the Niobrara. For those who don't  have the stratigraphic view memorized, click here. Look how shallow this formation is, 1,000 to 2,000 feet in places. To find the formation; a) enlarge the image by clicking on it; b) go to the South Central Montana column; c) count down eight (8) formations to the Niobrara -- it is at the boundary of the Montana/Colorado group of formations.

Goodnight, Moon, Shivaree