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PetroShare Gets Green Light for 14-Well Niobrara Project

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PetroShare Gets Green Light for 14-Well Niobrara Project

PetroShare Corp. has successfully received project approval for oil and gas development in Adams County, Colorado.

The approval is for 14 horizontal wells, ranging from 4,000 to 5,000 feet in producing lateral length, targeting the Codell and the A, B and C benches of the Niobrara formation on its Shook pad. The Company will be the operator of record for all wells drilled on the Shook pad and anticipates beginning pad site construction and surface facilities installation in the fourth quarter of 2016. The Shook pad is located within the Company’s Todd Creek Farms prospect area, in the Southern Core area of the Wattenberg oil and gas field in the DJ Basin of northeastern Colorado.

Non-Operated Activity

The Company is also participating as a non-operator in several other development…

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