Exploration & Production
Shoreline Talks Niobrara Operations; Notes Flooding Impact
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Shoreline Energy Corp. extends its thoughts to those affected by the recent flooding in Colorado.
While the impact of the floods have been devastating on so many, our operations team has been in communication with our operating partners and reports that there is currently no material impact on its Wattenberg production.
With area operators aggressively drilling in Wattenberg, Shoreline continues to see increased production from its holdings and estimates between 116 and 200 new horizontal wells have either been drilled, permitted, or await permit approval on its royalty lands thus far in 2013. In addition, the company has participated in the drilling of 4 directional wells, and has been notified by the operators of the intention to drill between 8 and 16 horizontal wells through the…
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