DJ – Niobrara Basin Rig Count Unchanged at 44

Baker Hughes Rig Count Map for DJ-Niobrara Basin 26 OCT 2012

Baker Hughes Rig Count Map for DJ-Niobrara Basin 26 OCT 2012

The rig count as reported by Baker-Hughes was unchanged for the week of October 26th,2012.  Twenty Eight of the 44 wells being actively drilled had horizontal trajectories and 11 were directional with the remainder being vertical. The majority of the horizontal and directional wells were located in the Greater Wattenberg Field area in Weld County where the bulk of the wells are in search of oil and gas from the Niobrara.

The DJ basin rig count for the year is -1 down from 45 in 2011. Despite the large investments being made, the drilling activity levels have remained steady this year.

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