Top Company in Niobrara Shale

By Andrea: http://oilshalegas.com

Chesapeake Energy Corp. (CHK) announced in their 2Q 2010 Earnings call that they now own the largest leasehold in the Niobrara Shale. They have a total of 675,000 net acres in the Niobrara Shale.

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Chesapeake Energy in Niobrara and Eagle Ford Shale

By Andrea: http://oilshalegas.com

Chesapeake Energy Corp. (CHK) announced that they own the largest amount of acreage in both the Niobrara and the Eagle Ford Shale. CEO Aubrey McClendon reports:

"We now own the largest inventory of leasehold in two of the top three new unconventional liquids plays in Niobrara and the Eagle Ford Shale, where we now on 675,000 and 550,000 net acres, respectively, located very strategically in the liquids-rich portion of each play. We are especially pleased about our position in the Eagle Ford and are very excited to move forward with the JV on this acreage. We are in good position here with many potential partners, all of whom we believe are working hard to get to the right answer."

For more Shale updates, visit http://blackberrystocks.blogspot.com/

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Laramie County, Wyoming: Niobrara Shale

By Andrea: http://oilshalegas.com

SM Energy (SM) announced the completion of their first well in the Niobrara Shale:

SM Energy completed its first horizontal well targeting the Niobrara in mid-May 2010. The Atlas 1-19H (SM 94% WI), which is located just south of the Silo Field in Laramie County, Wyoming, was drilled to a vertical depth of roughly 8,000 ft and a total measured depth of approximately 12,000 ft. The 7-day initial production average for the well was 1,075 BOE/d, and as of July 27, 2010, the well was making roughly 500 BOPD. SM Energy is currently working to secure a drilling rig to drill a second test well in this program later this year. The Company has approximately 25,000 net acres leased in this portion of the Niobrara play, which is located in the northern part of the Denver-Julesburg Basin.

For more Shale updates, visit http://blackberrystocks.blogspot.com/

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