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Niobrara Shale Rig Count

  Count Change From
Previous Week
YTD Change From
Previous Year
Oil Count 16 0 -7 -5
Gas Count 0 0 0 -5

Most Active Operators By Rig Location - Colorado

Operator Active Rigs
PDC Energy, Inc. 3 Active Rigs
Noble Energy, Inc. 2 Active Rigs
Extraction Oil and Gas Subscribe to see
Synergy Resources Corp Subscribe to see


Drilling Program


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
Noble Energy, Inc. Plans to Drill XXX Wells in 2016


Niobrara Shale Completions (as of 09/26/2016)

Wells Completed By Company
01/01/2015 - 07/31/2016
Top  Operators ( Jan 1, 2016 - Sep 26, 2016)

Anadarko Petroleum Corp ( 207 )   

PDC Energy, Inc. ( 205 )   

Bill Barrett Corp. ( 135 )   

Anschutz Exploration Corporation ( 106 )   

Great Western Oil & Gas Co., Llc ( 74 )   

Extraction Oil and Gas ( 51 )   

Encana Corp ( 40 )   

Noble Energy, Inc. ( 39 )   

 Drilling Permits Trends ( Jan 2015 - Sep 2016)

Drilling Permits ( August 27, 2016 - September 26, 2016)
Date Approved county Well Name Well type Field/Zone
PETROSHARE CORPORATION
09-20-2016 Adams Shook 3-10-1cdh Oil & Gas Wattenberg
Anadarko Petroleum Corp
09-24-2016 Converse Trinity Fed 3368-10-n8xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n7xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n6xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n5xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n4xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n3xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n2xh Oil Wc / Niobrara
09-24-2016 Converse Trinity Fed 3368-10-n1xh Oil Wc / Niobrara
09-22-2016 Converse Trinity Fed 3368-1-n4h Oil Wc / Niobrara

Niobrara Shale Type Curve
Greeley Crescent Development Area Blended GC Well Economics Strip Price Wall Street Blended GC Type Curve vs Bestway Pad Deck Consensus 700 Well Cost (1) 3.5mm 600 3-Stream EUR (2) 800 Mboe Cumulative Production (MBOE) 500 Drilling Days 6 8 days 400 IRR(3) 57% 74% 300 Months to 20 17 Payout(3) 200 PV-10 3.92mm 5.08mm 100 Note: Strip Price Deck (9/1/16): 2016 = 45.31 / 2017 = 48.45 / 2018 = 50.74 / 54.68 flat starting January - 2022 for oil. WS Consensus (9/1/16): 2016 = 48.00 / 2017 = 55.19 / 2018 = 61.00 / 60.00 flat starting January 0 50 100 150 2020 for oil. Assumed differentials: oil = 9.00 / gas = 0.25. Month (1) Well Cost estimates include all drilling and completions costs, as well as all surface and production 4 facilities, but do not include leasehold or corporate overhead. 800 MBOE Type Curve Bestway Pad (Avg./Well) (2) Estimated EURs may not correspond to estimates of reserves as defined under SEC rules. (3) Rate of return and payout estimates do not reflect lease acquisition costs or corporate, general and administrative expenses. Payout estimates calculated from first month of production. (4) Bestway pad production volumes converted to 3-stream equivalent 7
Synergy Resources Corp
September,07 2016
    
Niobrara Formation Type Curve Economics Type Curve Core/Tier 1 Total Well Cost 2.4 MM Gross 289 Mboe EUR Oil Only 217 Mbo Net 243 Mboe F&D Cost 9.88 / Boe IRR 100% 75 Oil NPV 3.1 MM IRR 59% IRR 65 Oil NPV 2.1 MM & IRR 32% NPV (1) 55 Oil NPV 1.2 MM IRR 14% 45 Oil NPV 0.3 MM NYMEX NPV10 Breakeven 42.50 (1) Economics based on NYMEX prices and include Daily Production, BOPD Cum Production, MBO 9/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. 26 CRZO
Carrizo Oil & Gas Inc.
September,06 2016
    
Middle Core Supporting Increased Type Curves Acreage Shown Reflects Post Noble Trade Peterson 16 wells/section OUTER CORE SRL Design TIL: 2Q15 320 acre unit 8 total wells 4 plugnperf 4 sliding sleeve MIDDLE CORE R&R/Trimar 20 wells/section SRL Design TIL: 1Q16 640 acre unit 20 total wells 13 PlugnPerf INNER CORE 7 Sliding Sleeve Sappington/Ledford Efforts continue on many fronts 22 wells/section Frac design SRL Design TIL: 1Q16 AccessFrac upside potential 320 acre unit Drilling efficiency 8 total wells Wellbore placement All PlugnPerf 8/15/2016 15
PDC Energy, Inc.
August,15 2016
    
DJ Basin: Enhanced Completions Optimizing well results with higher proppant concentration and slickwater Well Outperformance Versus Historical Type Curve by 35% in East Pony and 15% in Wells Ranch Enhanced completions include higher proppant ( 1,000 lbs/ft), slickwater and tighter clusters Delivering Production Expectations Despite Fewer Equivalent First Gas Sales Than Original Plan Experiencing longer cycle times and clean- up periods with bigger jobs Higher Percentage of Enhanced Completions Turned Online in 2H16 8 Note: Normalized to 4,500 lateral; gross two-stream 2013 analyst day type curve converted to gross three-stream
Noble Energy, Inc.
August,03 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 : September 26, 2016


Drilling Trends from May 4, 2011 - September 26, 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…


  Niobrara Shale - Mergers & Acquisition

Announce DateBuyerSellerTitleValue $MM
09/21/2016 IronHorse Resources LLC US Energy Corp. U.S. Energy, IronHorse Resources Ink DJ Basin JV Deal $10
07/29/2016 Extraction Oil and Gas Bayswater Exploration and Production 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 ---
Subscribe to see Subscribe to see Subscribe to see SandRidge Signs Deal for Derisked Niobrara Asset; $190 Million $190
 

  Niobrara Shale Transactions By Quarter ($MM)