Visualize Niobrara Production Data Interactively

A cool interactive website by Enno Peters, Visualizing US shale oil & gas production,  allows a user to visualize shale play production statistics, including the Niobrara, in many interesting ways.  You can view production/decline curves by formation/member, by year, by county, and even by specific well.

This interactive presentation contains the latest oil & gas production data from all 6855 horizontal wells that started production in the Niobrara region (Colorado & Wyoming) since 2009/2010, through August 2017 (as of this posting).

The interactivity of this site is truly amazing and allows one to slice and dice oil and gas production data as far as you want.  It was interesting to view how much production has improved in the Niobrara since the play was started in the 2009 time frame.  This site is definitely worth a look!

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Are Refiners Losses Good for Unconventional Producers?

Higher-cost crude could squeeze margins at U.S. refiners

Erwin Seba – Reuters August 6, 2017

HOUSTON (Reuters) – U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet crude.

The shift also could mean higher prices for consumers in the last weeks of the summer driving season and into the fall if refiners are able to pass along those higher costs to drivers, analysts said.

PBF Energy Inc , Valero Energy Corp, Phillips 66 and Marathon Petroleum Corp said in earning calls over the past two weeks they are running more light crude as a result of narrower discounts for heavy crude. ExxonMobil Corp also is running a heavier slate of light crude at a Gulf Coast plant.

Refiners’ “margins have already been heavily impacted,” said John Auers, executive vice president at refining consultancy Turner, Mason & Co. “They will be impacted in the third quarter” as well, Auers said. The final period’s outlook could depend on whether the U.S. applies sanctions on Venezuelan imports, he added.

In part, the companies are reacting to high costs and anticipating weaker supplies of Venezuelan crude coming to the United States. Heavy crude prices also have been impacted by tax changes in Russia that have raised prices of its heavy crudes and by reduced production from Canada last quarter.

Continue reading story at Reuters

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Colorado Rig Count Continues Slow Rise From Bottom

Colorado Rig Count and Oil Price as of July 2017 – Click to Enlarge

As of July 2017, Colorado’s Rig count as tallied by Baker Hughes rose to an average of 37 rigs as it recovers from a multi-year low recorded in May of 2016.  The historical rig count displayed in the chart to the left is shown in comparison to average monthly oil price. As expected there is a very strong correlation of rig count to oil price.

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Press Release: Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.


May, 2017

Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.

The Woodlands, TX – The unique PowerScrew™ liner hanger from Seminole Services utilizes torsional energy from the top drive to efficiently and safely set a liner, eliminating any need for high pressure in the setting process.  In the PowerScrew’s setting mechanism, rotation of the top drive provides all of the energy required to helically stretch-form the liner top without the application of pressure. This unique mechanical setting process provides a liner top that’s ISO 14310 V0 rated, for improved pressure containment, increased hanging capacity, and an overall higher standard of reliability and safety. Continue reading “Press Release: Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.” »

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Whiting Sees Lower Costs, Raises Production Guidance

Charlie Passut –  April 28, 2017- Natural Gas Intelligence Shale Daily “We don’t have any plans for further JVs in the Williston Basin,” Volker said. But he added that in the Niobrara Shale, “there are several parties who’ve contacted us and are interested in doing drilling out there because they realized we’ve got 5,000 drilling locations. We are talking to some of them. They like the economics, even with oil in the $40-50 range.”

Whiting Petroleum Corp. said the addition of new pipeline infrastructure in the Williston Basin in the first quarter helped drop oil differentials below the low end of its guidance, while its operations team helped lower its lease operating expenses (LOE) during the downturn in oil prices.

The Denver-based producer, one of the largest oil producers in North Dakota’s Bakken Shale, also reported production above the high end of its guidance for the quarter, and raised its production forecast for the remainder of the year. Continue reading “Whiting Sees Lower Costs, Raises Production Guidance” »

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Energy Pipeline: Plugging old vertical wells could soon change Colorado’s landscapes

Extraction Oil and Gas LogoSharon Dunn – Greeley Tribune – April 15, 2017

Soon, the city of Broomfield’s landscape could substantially change. Once an oil field, now filled with residential development, the area is dotted with storage tanks and well sites.

If a plan by Extraction Oil and Gas comes to fruition, 41 unsightly wells that dot residential neighborhoods could disappear.

In fact, communities all over northern Colorado already are seeing fewer storage tanks and well sites — even while companies are drilling more wells.

That’s because of a relatively recent state oil and gas policy that is making a rather hefty impact in the Colorado oil scene. The rule is responsible for hundreds of old vertical wells being plugged and abandoned as companies seek to drill horizontal wells instead. The result is a cleaner landscape and a return of land back to surface owners.

The horizontal well offset policy has been responsible for hundreds of pluggings in the past two years. In 2016, companies drilling in Weld County plugged 801 wells, up 17.4 percent from the previous year, and up more than double the number of wells plugged of 2013, before the rule was implemented by the Colorado Oil and Gas Conservation Commission.

The commission in 2014 created the horizontal well offset policy, which requires operators planning to drill horizontal wells within 1,500 feet of an old vertical well to examine the vertical well’s integrity. The fear, said Matt Lepore, executive director of the COGCC, was that there would be some communication between the new and old wells that would negatively affect pressure or the integrity of the older well. Continue reading “Energy Pipeline: Plugging old vertical wells could soon change Colorado’s landscapes” »

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Longmont mulls stand against statehouse bill that would compensate drillers for losses

Colorado State Capitol

By John Fryer – The Denver Post – February 20, 2017

Rep. Perry Buck’s measure would make governments that impose a moratorium compensate oil, gas companies

Longmont’s City Council is to consider taking a formal stand Tuesday night against a proposed state law that could make Colorado’s local governments liable for paying oil and gas mineral rights holders the market values of those rights if a city, town or county government bans hydraulic fracturing.

Windsor Republican Rep. Perry Buck’s House Bill 17-1124 — which would also require local governments to compensate oil and gas operators, mineral rights owners and royalties holders for lost revenues if those cities, towns or counties impose moratoria on oil and gas exploration — is up for a House committee hearing on Wednesday afternoon.

Longmont has neither a fracking ban nor an oil and gas development moratorium in place now, after last May’s Colorado Supreme Court rulings that Longmont’s voter-approved fracking ban and Fort Collins’ voter-approved five-year fracking moratorium were preempted by state law.

Continue reading story at The Denver Post

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ConocoPhillips may restart Niobrara Operations in 2017

At their fourth quarter earnings call on February 2nd, ConocoPhillips  – EVP, Production, Drilling & Projects, Al Hirshberg mentioned that the company may target a rig to operate in the Niobrara later in 2017.

Also mentioned in an article about COPs earnings at Seeking Alpha, titled “ConocoPhillips Does It Again, Say Hello To FCF“, contributor Callum Turcan suggested that: “Management noted that a third rig is expected to hit the Permian sometime this year, which may also operate in the Niobrara play for part of 2017. This rig will target both conventional and unconventional plays in the Permian and if it does hit the Niobrara play, will be used for appraisal, delineation, and optimization purposes to set the stage for full field development later on.

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