Niobrara Shale

What is the Niobrara Shale Formation?  The Niobrara Shale is a shale rock formation located in Northeast Colorado, Northwest Kansas, Southwest Nebraska, and Southeast Wyoming.  Oil and Natural Gas can be found deep below the earth’s surface at depths of 3,000 – 14,000 feet.  Companies drill these wells vertically and even horizontally to get at the Oil and Natural Gas in the Niobrara Formation.

The Niobrara Shale is located in the Denver–Julesburg basin which is often refered to as the DJ Basin. This exciting oil shale play is being compared to the Bakken Shale which is located in North Dakota.  While we are still in the early stages on the Niobrara play, the results are looking very promising.  Oil & Gas companies are quickly leasing land in the core zones located in Weld County Colorado, Yuma County Colorado, and even Cheyenne, Kansas.

In the DJ Basin of Northern Colorado and Southern Wyoming, EOG has accumulated 400,000 net acres and has completed three successful wells in the Niobrara Play to date. EOG is encouraged that the first well, the Jake 2-01H drilled in Northern Colorado, produced 50 thousand barrels of crude oil in the first 90 days. However, due to the complexity of the fracture system, assessment of long-term production performance and further improvements in completion optimization will be required before EOG moves into development mode and estimates its reserve potential. Geologic mapping of EOG’s acreage position indicates there may be potential for multiple core areas. Link Here

The Niobrara Oil Shale joins the ranks of the Bakken Shale (North Dakota) and the Eagle Ford Shale ( South Texas ).

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