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Tag Archives: Niobrara

Production surge paves way for major policy decisions

canola rig

Domestic crude production from the nation’s shale plays in the Permian Basin, Eagle Ford, Bakken and Niobrara are growing even faster than even optimistic projections expected. “By virtue of CAFE (Corporate Average Fuel Economy) standards and other efficiencies and the growth of U.S. production, we have a path to petroleum flexibility,” said Tom Petrie, chairman of Petrie Partners LLC. Saying ...

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Energy Pipeline: News briefs

DENVER – Vital for Colorado has collected more than 30,000 pledges from residents who support Colorado’s oil and gas industry. The pledge outlines seven principles regarding energy development and hydraulic fracturing that are paramount to a vibrant and successful oil and natural gas industry in Colorado, including recognition that the state already has some of the toughest rules in the ...

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Weld’s top two drillers closing in on 300,000 barrels per day

Weld County’s top two drilling and exploration companies are producing nearly 300,000 barrels of oil equivalent per day out of the Denver-Julesburg Basin, which covers the entire county. Both Anadarko Petroleum and Noble Energy reported Tuesday they delivered record results out of the DJ, which also covers parts of Wyoming, Nebraska and Kansas, in their separate earnings releases detailing the ...

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Niobrara unaffected by falling crude prices

While some major shale plays throughout the United States have experienced a setback in drilling due to falling oil prices, Colorado has remained immune to it. According to Mark Jaffe of the Denver Post, production from the Niobrara Shale is projected to rise in November for both oil and gas. Meanwhile, the most recent quote has the price of a ...

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Colorado to benefit from Mexico’s new energy reforms

Mexico’s rapid rise within the energy sector is allowing for shale plays within the United States, especially Colorado, to capitalize off its success, according to the Denver Business Journal. Mexico’s newly reformed energy market is expected to attract more than $1 trillion worth of investment opportunities. Currently, Mexico is among the 10 biggest oil producers in the world and the ...

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EnerJex Resources acquires acreage in Weld County

EnerJex Resources, Inc. has announced the acquisition of leasehold interests covering 4,040 gross (3,945 net) acres in Weld County. EnerJex Resources is an independent exploration and production company that focuses solely on acquiring and developing oil and natural gas properties in the Rocky Mountain and Mid-Continent regions of the country. Related: Injection well demand outpaces capacity in Weld County The acreage ...

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