Niobrara Exclusives

shale, permits, Morgan Stanley, Eagle Ford, Permian Basin, Bakken

The news comes on the heels of an anemic first quarter in which permits applications dropped 32% and gas play applications fell by 35%.

drilling rigs, Niobrara, shale, Denver Julesburg Basin, D J Basin, Rockies

Contractors report attrition of lower spec rigs is real and will reduce the size of the region’s working fleet. Average rates for the benchmark 1,500 HP Tier I unit fell below $20,000, but range from $18,500 to $22,000.

Downhole, completions, slickwater fracks, stage spacing, proppant, plug and perf, frack, fracking

All respondents reported slickwater dominates their fracking practices now as a cost savings measure, but many operators continue to use hybrid systems as well.

Niobrara Gross Acreage

Company Net Acreage
Anadarko 1,160,000
Encana 850,000
Noble Energy 609,000
WPX Energy 581,188
All Top Acreage Holders