Wells Fargo Gives A Nod To Anadarko's Horizontal NiobraraAnadarko Petroleum Corp. recently offered up additional details on its Niobrara/Codell horizontal program and Wells Fargo analysts are reacting positively.
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This Rocky Mountain play has catapulted onto the domestic shale scene and is rapidly becoming one of the most active areas in North America. Located in Colorado and Wyoming, the Niobrara offers a mass of both oil and gas reserves that have companies like EOG Resources and Samson investing a substantial amount of interest in the area. Housing a largely industry-friendly climate, there have been numerous land auctions held by both the Colorado and Wyoming state governments.
