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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