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Thursday, July 29, 2010

Niobrara in Wyoming

This website is still about the oil industry in North Dakota but because many oil companies working in the Bakken are also in Wyoming and Montana, I have added this update about the Niobrara.

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.

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