Niobrara ‘Another Bakken’ for Whiting Petroleum

While reporting that its Williston Basin North Dakota production reached record levels above 100,000 boe/d in 1Q2014, Whiting Petroleum Corp. executives early this month trumpeted the potential of the company’s Denver Julesburg (DJ) Basin play in Colorado as potentially duplicating the Williston growth.

“There is nothing that we have seen that would deter us from applying more and more capital and greater numbers of drilling rigs [in the Niobrara] as we move forward,” said CEO Jim Volker, during an earnings conference call.

Despite some winter slowdowns, Whiting’s operations in the DJ Basin have “ramped up completions, and production is rising nicely,” Volker said. Current plans call for drilling eight wells/spacing unit in two different zones (A and B) in the Niobrara formation, he said.

In addition in May, Whiting will test a high-density, 32-well/spacing unit pattern in another part of the Niobrara. Whiting’s total potential drilling locations in one area of the DJ (Redtail) could increase to more than 6,600 gross wells, Volker said.

via Niobrara 'Another Bakken' for Whiting Petroleum | 2014-05-15 | Natural Gas Intelligence.

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