Niobrara Shale in the US, 2012 – Oil Shale Market Analysis and Forecasts to 2020 is the latest report from industry analysis specialist GlobalData to provide insight into oil and gas exploration, production, and development in the Niobrara shale play.
The report highlights the oil and gas exploration potential of the Niobrara shale play, providing details of the key exploration areas and major exploration companies in the U.S. The report also provides an understanding of the essential parameters for leasing in the states of Colorado and Wyoming.
Niobrara Shale Development Will Support Oil Growth
in the U.S.
The Niobrara shale has emerged as one of the most promising oil-producing shales in the United States. Total gross production from the Niobrara formation increased at a growth rate of 10.44% between 2009 and 2011, and grew at a Compound Annual Growth Rate (CAGR) of 4.6% between 2007 and 2011.
The shale is currently witnessing substantial growth in oil gross production, especially in the DJ Basin and Powder Basin of the Niobrara play. Oil gross production in the Niobrara shale increased from approximately 0.48 MMboe in 2007 to 3.7 MMboe in 2011, at a CAGR of 66.03%. A large part of this increase can be attributed to the Colorado Niobrara shale formation.
Colorado Experiencing a Significant Increase in Production
Niobrara shale gross production from Colorado accounted for nearly 87% of the total gross production from the Niobrara Shale Play in the U.S. and significantly outpaced the gross production from the adjoining state of Wyoming in 2011.
In Colorado, gross production from the Niobrara play increased substantially, going from 8.34 MMboe to 8.85 MMboe during 2007-2011. Oil gross production from the Colorado Niobrara shale formation increased from 0.34 MMboe in 2007 to 2.67 MMboe in 2011 at a CAGR of approximately 67.1%. Therefore, oil produced from the Colorado has contributed greatly to the recent growth in gross production from the Niobrara shale play.
Key Topics Covered:
1 Tables & Figures
3 Niobrara Shale Play Overview
4 Niobrara Shale, Operational Overview
5 Niobrara Shale, Competitive Landscape
6 Niobrara Shale, Mergers and Acquisition Activity in the Play, 2010-2012
- Anadarko Petroleum Corporation
- Noble Energy Inc.
- Chesapeake Energy Corporation
- Devon Energy Corporation
- EOG Resources Inc.
For more information, go HERE.
Research and Markets
Laura Wood, Senior Manager.
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