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Niobrara Shale Rig Count

  Count Change From
Previous Week
YTD Change From
Previous Year
Oil Count 18 -2 -5 -5
Gas Count 0 0 0 0

Most Active Operators By Rig Count

Operator Current Week Previous Week Change Q2-2016
Anadarko Petroleum Corp 3 3 --- 1
PDC Energy, Inc. 3 3 --- 4
Subscribe to See 2 2 --- 4
Subscribe to See 2 2 --- 1
Subscribe to See 2 2 --- 1


Most Active County By Rig Count

County Current Week Previous Week Change Q2-2016
WELD 18 17 +1 15
LARAMIE 1 2 -1


Niobrara Shale Drilling Programs


Sandridge Energy, Inc. Plans to Drill XXX Wells in 2016
Bill Barrett Corp. Plans to Drill XXX Wells in 2016
Cub Creek Energy Plans to Drill XXX Wells in 2016
Synergy Resources Corp Plans to Drill XXX Wells in 2016
Anadarko Petroleum Corp Plans to Drill XXX Wells in 2016


Niobrara Shale Completions (as of 12/03/2016)

Wells Completed By Company
01/01/2015 - 07/31/2016
Top  Operators ( Jan 1, 2016 - Dec 03, 2016)

Anadarko Petroleum Corp ( 329 )   

PDC Energy, Inc. ( 294 )   

Bill Barrett Corp. ( 141 )   

Anschutz Exploration Corporation ( 138 )   

Great Western Oil & Gas Co., Llc ( 88 )   

Extraction Oil and Gas ( 85 )   

Wave Petroleum Operating LLC ( 68 )   

Noble Energy, Inc. ( 65 )   

 Drilling Permits Trends ( Jan 2015 - Dec 2016)

Drilling Permits ( November 03, 2016 - December 03, 2016)
Date Approved county Well Name Well type Well Bore Type Field/Zone
Wave Petroleum Operating LLC
12-02-2016 Converse Madsen 37-70-17-20-bnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Madsen 37-70-17-20-cnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 36-70-19-18-fnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-anh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-bnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-cnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-dnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-gnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Johnson 37-70-3-10-hnh Oil new (horizontal well) Wc / Niobrara
12-02-2016 Converse Riehle 37-70-2-11-enh Oil new (horizontal well) Wc / Niobrara

Niobrara Shale Type Curve
Positive Results Near Recently Consolidated Acreage Strategic Acreage Trade Closed 9/28/16 PDC Acreage LDS Project OUTER CORE 10 well pad 20 wells/section MRL Design TIL: 2Q16 Tighter stage spacing MIDDLE CORE Choke mgmt. 15 55% increase in proppant INNER CORE Sater Project 8 well pad 16 wells/section SRL Design Closed 9/28/16 PreTrade PostTrade TIL: 3Q16 2H16 Rig Count 4 3 8 total wells Middle Core Net Acres 60,000 70,300 4 wells w/ Outer Core Net Acres 30,000 21,500 Slickwater 2H16 Spuds 60 52 completion design 2H16 TILs 80 59 2H16 Average WI 65% 90% 11/16/2016 22
PDC Energy, Inc.
November,17 2016
    
FIRST SANDRIDGE NIOBRARA LATERAL THE GREGORY 1-9H CONTINUES TO OUTPERFORM TYPE CURVE GREGORY 1-9H, 550 BOEPD (89% OIL) 30-DAY IP CUMULATIVE PRODUCTION OF 75 MBO AT 217 DAYS 8
Sandridge Energy, Inc.
November,09 2016
    
Niobrara Formation Type Curve Economics Type Curve Core/Tier 1 Total Well Cost 2.2 MM Gross 289 Mboe EUR Oil Only 217 Mbo Net 243 Mboe F&D Cost 9.05 / Boe IRR 146% 75 Oil NPV 3.2 MM IRR 103% IRR 65 Oil NPV 2.3 MM & IRR 46% NPV (2) 55 Oil NPV 1.4 MM IRR 21% 45 Oil NPV 0.6 MM NYMEX NPV10 Breakeven 39.25 (1) Economics based on NYMEX prices and include Daily Production, BOPD Cum Production, MBO 2/Bbl deduct for oil, 3.00/Mcf NYMEX gas, NGL pricing 19% of NYMEX oil price. (2) Total well cost includes 315K for allocated infrastructure and artificial lift. 24 CRZO
Carrizo Oil & Gas Inc.
November,08 2016
    
NIOBRARA POSITIONED FOR SUCCESS Premier Niobrara position in the PRB Oil, gas and condensate provides Teapot flexibility Parkman E, A, B/C & Deep 580 undrilled locations Assumes 1,100' 1,320' spacing Surrey Targeted development through 2020 Sussex EUR: 880 mboe ROR: 45% (1) Niobrara Outperforming all U.S. Niobrara horizontal wells to date Turner Frontier Production Mix Mowry (2) CHK Barton Test Oil breakeven price Peak Rate of 1,600+ boe/d (85% Oil) 230 mbo 1-Year Cum. 34% 40 54% 12% DJ Basin, Green River Basin, North Park Basin, Piceance Basin, Oil NGL Natural Gas Powder River Basin and Williston Basin (1) Assumes 3 gas and 60 oil (2) PV10 positive breakeven price assuming 3 gas price (3) IHS data 2016 ANALYST DAY POWDER RIVER BASIN 11
Chesapeake Energy Corp
October,20 2016

Well/Drilling Permits Filed Between ( Q1-2014 to Q3-2016 )





Rig Activity   ( Q1-2014 to Q3-2016 )





 Niobrara Shale Map

 Niobrara Shale Rig Data : December 3, 2016


Drilling Trends from May 4, 2011 - December 3, 2016

 Niobrara Shale Overview



The Niobrara shale formation is situated in northeastern Colorado and parts of adjacent Wyoming, Nebraska, and Kansas.  Primarily an oil play, it is in the Denver-Julesburg Basin, which has long been a major oil and gas province. Technological advances in horizontal drilling and hydraulic fracturing in the last decade has helped create new opportunities in this U.S. energy play.

Based on the industry’s plans, shale and other “tight rock” fields that now produce about half a million barrels of oil a day will produce up to three million barrels daily in the…


  Niobrara Shale - Mergers & Acquisition

Announce DateBuyerSellerTitleValue $MM
11/28/2016 PetroShare Corp. Not Disclosed PetroShare Picks Up Producing DJ Basin Niobrara Property ---
09/21/2016 IronHorse Resources LLC US Energy Corp. U.S. Energy, IronHorse Resources Ink DJ Basin JV Deal $10
Subscribe to see Subscribe to see Subscribe to see Extraction Oil & Gas Acquires DJ Basin Assets From Bayswater $420
Subscribe to see Subscribe to see Subscribe to see IronHorse Farms Out 40% Stake in Niobrara Asset to US Energy $10
Subscribe to see Subscribe to see Subscribe to see Encana Sells DJ Basin Assets in Deal Worth $900 Million $900
Subscribe to see Subscribe to see Subscribe to see PetroShare Inks Deal for Niobrara Wells, Acreage ---
Subscribe to see Subscribe to see Subscribe to see Virtus Acquires Assets in Colorado Wattenberg, Nebraska ---
Subscribe to see Subscribe to see Subscribe to see Synergy Sells Niobrara Acreage to PrivateCos $27
Subscribe to see Subscribe to see Subscribe to see Synergy Acquires 33,100 Net Acres In The Wattenberg Field From Noble $505
Subscribe to see Subscribe to see Subscribe to see PetroShare Adds to Wattenberg Position; Acquires Leasehold ---
 

  Niobrara Shale Transactions By Quarter ($MM)