Crude oil potential from Colorado’s DJ Basin gets bigger (a lot bigger)

NobleEnergyLogoCathy Proctor – Reporter – Denver Business Journal – April 8, 2014

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The estimated amount of crude oil and other liquids that could be pumped from Colorado’s booming Denver-Julesburg Basin has grown to more than 4 billion barrels.

And that’s just using estimates from the two biggest oil and gas companies — Noble Energy Inc. (NYSE: NBL) and Anadarko Petroleum Corp. (NYSE: APC) — working in the DJ Basin, which sprawls north and east of Denver into Wyoming and Nebraska.

The two companies, together, figure the DJ might be capable of producing at least 4.1 billion barrels of oil equivalent and possibly as high as 4.6 billion barrels, figures that include other natural gas liquids such as propane, butane and ethane.

And that number is likely to go even higher, according to executives from the two companies.

Continue reading story at The Denver Business Journal

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One Response to Crude oil potential from Colorado’s DJ Basin gets bigger (a lot bigger)

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