Operational Updates | Drilling & Completions | Drilling Activity
PetroShare Preps to Frac DJ Basin Wells at Shook Pad; Talks Non-Op Activity
PetroShare is prepping to frac 14 wells on its operated Shook Pad in the DJ Basin. Additionally, the company has agreed to participate in new non-operated horizontal wells in the Wattenberg Field.
Shook Pad:
- Wells targeting all three benches of the Niobrara plus the Codell
- Expect initial production in late May 2018
Non-Op Participation:
Currently participating in 22 additional extended length horizontal wells as a non-operating working interest owner, of which 14 wells should be in production by the second quarter of 2018 with the additional 8 wells scheduled for completion in the third quarter.
More Drilling & Completions News

Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…

Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Range Resources reported its first quarter results. As you can see from the chart below, the company has 76% of its budget remaining and 82% or 40 wells…

Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
Ovintiv provided an updated guidance for the remainder of the 2023 development cycle. 2023 Guidance The Company issued its third quarter 2023 guidance and revised its full year…

Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…

Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Rockies - DJ Basin News

Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in…

Japex Enters DJ Basin with Acquistion of Verdad
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced a major expansion into North American shale with a $1.3 billion acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), marking…

PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…

Crescent Energy Company First Quarter 2023 Results
Crescent Energy Company announced first quarter 2023 results. Highlights Reported $256 million of net income and $54 million of Adjusted Net Income(1) Generated $232 million of Adjusted EBITDAX(1)…

Civitas Resources, Inc. First Quarter 2023 Results
Civitas Resources, Inc. announced first quarter 2023 results. Highlights Average daily sales volumes of 159.4 thousand barrels of oil equivalent per day ("MBoe/d"), near the high-end of Company…