Noble Energy joins Anadarko in plans to spend billions in Niobrara

Denver Business Journal by Cathy Proctor, Reporter
Date: Wednesday, November 16, 2011, 2:43pm MS

Anadarko Petroleum Corp.    isn’t the only Texas oil company planning to spend billions of dollars on Colorado’s Niobrara oil field in the next few years — Noble Energy Inc.    said Wednesday it also plans to invest heavily in the play.

Noble plans to invest $8 billion over the next five years in the Denver-Julesburg Basin, an area that includes northern Colorado and southern Wyoming, said Ted Brown, Noble’s Denver-based senior vice president in charge of its northern region operations, which includes Colorado.

In the Wattenberg area of the play, “it will be $1 billion to $1.5 billion a year,” Brown said in an interview Wednesday.

Continue Reading Article at the Denver Business Journal

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