Wyoming Niobrara To Add 100 Wells Next Year -- Compare to Bakken

Wyoming Niobrara to add 100 wells next year.

The ND Bakken? 1,500 wells, is my estimate.

165 rigs x 10 wells/rig/year = 1,650 wells.

Number of new permits in North Dakota for 2010: on track for more than 1,600 permits.

Many of the Niobrara wells will be exploratory wells; most of the Bakken wells will be development wells. North Dakota has nearly a 100% success rate in the Bakken; success rate in Niobrara yet to be seen.