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Colorado Operators Reaping Rewards From Sticking by ‘Predictable’ DJ-Niobrara

Source: Anadarko Petroleum.
Anadarko well operations in Colorado. The independent holds around 400,000 net acres in the DJ Basin and hopes to increase production to more than 400,000 BOE/D by 2021.

Colorado oil production is surging to record levels, outpacing the other major producing US states in year-over-year gains on the backs of the steady-and-predictable Denver-Julesburg (DJ) Basin and overlapping Niobrara Shale.

As overall US oil output continues to surge, attention has been drawn to the Permian Basin and SCOOP and STACK plays. Operators have flocked to West Texas, southeastern New Mexico, and central Oklahoma to stake claims to land they believe will usher them into a new, leaner era for the industry. The expansive Permian alone, which covers more than 75,000 sq miles, has accounted for the bulk of US oil production increases and mergers and acquisitions over the last couple of years.

Although they are intertwined and together encompass parts of Colorado border states Wyoming, Nebraska, and Kansas, the DJ and Niobrara offer a fraction of the acreage and prospective resources of the Permian. But the existing acreage quality is high. Relatively few companies have large positions in the region, with leadership of many of those firms having earned their stripes with nearby competitors.

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Colorado Operators Reaping Rewards From Sticking by ‘Predictable’ DJ-Niobrara

Matt Zborowski, Technology Writer

01 April 2018

Volume: 70 | Issue: 4

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