For Investors Only: COP, Noble, Others, And The Niobrara -- The Motley Fool

Link here.

For archival purposes only.

I don't follow the Niobrara very closely.

From the link:

The results are being closely monitored by the investment community, but we must take the gestalt into consideration. ConocoPhillips has been an impressive player when it comes to unconventional methods. Barclays stated that ConocoPhillips will depend on its unmatched unconventional oil portfolio in North America in order to increase its returns on investments. With that in mind, Barclays also upgraded the company's shares to 'overweight' and increase the target price from $67 to $80. In a release note to investors, Barclays informed that along with ConocoPhillips, Suncor Energy and Husky Energy will offer the best value in the next year or so.

And,

Noble, the other bigwig in the area, plans to drill more than 500 wells every year by 2017, in Niobara Shale. Noble expects its production to increase by 17% each year for the next five years. That hope comes from its investment in Niobara, according to a release note. With a net recoverable resource of 2.1 billion barrels of oil equivalent (boe), the figure is already a 60% increase from what the company thought it would get from Niobara. Noble described Niobara as a top-tier American oil play that will yield almost 175 million Boe by 2017.

And,

Anadarko produced an average of 80,000 boe per day at its Niobara and Codell acreage a year ago. Anadarko also indicated that it will spend $1 billion a year in order to develop and extract from Niobara Shale. This makes Anadarko one of the biggest spenders in Niobara. The company’s interests are mostly located at the Wattenberg field where the estimated resources are between 500 million and 1.5 billion Boe.

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