Exclusives

The EIA estimates oil production from the seven most prolific shale plays will rise to 5.6 MMbbl/d in April. This increase over March would be the smallest projected since February 2011.

Transactions for D-J acreage double reserves, cash flow and production to 1,000 boe/d, enabling the company to become cash-flow positive.

Operators are pressing pressure pumping service providers for price decreases in the Niobrara Shale while a drop in demand for well stimulation has left the regional pressure pumping fleet in oversupply with contractors looking to rotate equipment out of the Niobrara and into dry gas basins.

Niobrara Resources

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