Posted on 10/18/2013 5:51:05 PM PDT by ckilmer
Steven G. Natali, senior vice president of exploration for WPX, commented, As we study what our geoscience and operations teams have achieved in the Niobrara and Mancos shales, were seeing hydrocarbon saturation across tremendous thickness in a highly over-pressurized environment. These shales are located directly underneath our current Williams Fork production in the Piceance.
Advances in horizontal drilling and the way that our completions engineers apply multi-stage fracture technology means that much of this gas can eventually be brought to the surface at an economic rate, Natali added.
ping
The only solution to this is to Federalize all the land in America and forbid extraction.
Colorado ping.
The lack of oil production will keep it from being developed for many years. It ain’t commercial at $3.00 / MCFG.
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
Mr. President, shouldn’t you be upstairs with Michelle instead of surfing at Free Republic?
*shrug* Reggie’s out of town...
‘sOK, Sarge, if he really meant it, he would have said “Let me be clear...” first.
Please Add Me To Your Colorado Ping A Ding List Thanks From A West Sloper
Wow, do they drill deep these days.
“The only solution to this is to Federalize all the land in America and forbid extraction.”
They won’t need to. You haven’t heard about the newly discovered endangered snail named the Obama Slithereus? They need to stop extraction now to protect this ecological gem.
You are added.
Thanks
Oh boy, let’s get the fed involved. They’ve got a lot of experience fracking that area. The last time they tried didn’t turn out so well.
The lack of oil production will keep it from being developed for many years. It aint commercial at $3.00 / MCFG.
.........
They said the one oil well doubled the value of their company—and they already had the infrastructure in place to move it to market; and then of course when you get those kinds of volumes —economies of scale kick in.
So I’m thinking the well is profitable even with gas prices at $3.00 / MCFG.
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
.........
Yeah, it does sound like they’re seeing some very big reserves in their logs below 10k feet in western colo.
What I don’t know is if its big compared to Marcellus shale deposits or some of the gas shale deposits around dallas.
The lack of oil production will keep it from being developed for many years. It aint commercial at $3.00 / MCFG.
.........
They said the one oil well doubled the value of their company—and they already had the infrastructure in place to move it to market; and then of course when you get those kinds of volumes —economies of scale kick in.
So I’m thinking the well is profitable even with gas prices at $3.00 / MCFG.
Ahhhh! Fracking! We're all gonna DIE!
WPX has drilled one vertical well and one horizontal well in Niobrara. They plan to drill two more this year.
I tend to be leery of individual company announcements like this. To me they read mainly as a means to bump up the stock price. It does announce potential. But potential is not the same as flowing product.
There are plenty of companies that have invested in the potential of Niobrara shale.
http://www.ugcenter.com/operators/Niobrara/all
But I don’t believe there has been enough data published from successful drilling to reliably compare to other fields that have been in production for years.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.