For Noble Energy Inc. (NYSE: NBL), 2013 could be a red-letter in the Niobrara, according to two recent reports from Wunderlich Securities Inc. and Morgan Stanley. Noble is expected to add 200 million barrels of oil equivalent to its reserves by the end of 2013, according to the reports.
Both reports largely attribute Noble’s projected growth ...
Operators in the Colorado Niobrara find success, with the state seeing the effect in higher oil production numbers for 2012.
While some plays in the area are proved producers, others simply lack the geology.