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Niobrara Shale in the US, 2013 - Oil Shale Market Analysis and Forecasts to 2020

Abstract

Niobrara Shale in the US, 2013 - Oil Shale Market Analysis and Forecasts to 2020

Summary

GlobalData's new report "Niobrara Shale in the US, 2013 - Oil Shale Market Analysis and Forecasts to 2020" highlights the gas exploration potential of the Niobrara shale play, providing details of key exploration areas, and major exploration companies, in the US. The report also describes essential parameters for Niobrara shale exploration and production, providing an overview of the various strategic developments for deals in the Niobrara shale in the US. The report also provides information about the leasing details of various companies. Major oil and gas companies are keen to acquire high leasehold interest in the Niobrara shale, aiming for high volumes of production and reserves from the play in the US. Moreover, many major merger and acquisition activities have been undertaken by companies seeking access to the crude oil resources contained within the Niobrara shale play. This is largely driven by the fact that shale plays have become more attractive to oil and gas companies in recent years due to technological development.

According to the report, the Niobrara shale has offered scope for growth in the US shale oil and gas market. The report discusses drilling and developmental activities in the Niobrara shale play in the US, providing details of the companies involved and their coverage in the states of both Colorado and Wyoming.

Scope

This report analyzes oil and gas exploration and production activities in the Niobrara shale in the US. The scope of the report includes -

  • An overview of the oil and gas exploration in the Niobrara shale
  • Discussion of the drivers of shale oil and gas exploration in the Niobrara shale
  • An overview of the competitive landscape of shale gas exploration in the Niobrara shale and details of the major companies operating in the region
  • Current exploration and production statistics for the Colorado and Wyoming sections of the Niobrara shale. The report also provides a forecast for Niobrara shale production from 2012 to 2020
  • Information on the coverage of operations in the Niobrara shale
  • Information on major mergers and acquisitions in the Niobrara shale from 2008 to 2012
  • Details of major recent leasing activities in Colorado and Wyoming.

Reasons to buy

This report will enhance the reader's decision making capability. It will allow the reader to -

  • Develop business strategies with the help of specific insights into Niobrara shale gas exploration in the US
  • Identify opportunities and challenges regarding Niobrara shale gas exploration in the US
  • Plan strategies based on expected developments in shale gas exploration activities in the US
  • Understand the competitive landscape of the Niobrara shale
  • Be informed of key developments in this potential game-changing market

TOC

1 Table of Contents

1 Table of Contents 3

  • 1.1 List of Tables 4
  • 1.2 List of Figures 5

2 Introduction 6

  • 2.1 Overview 6
  • 2.2 Report Guidance 6

3 Niobrara Shale Play Overview 7

  • 3.1 Niobrara Shale Play, Location 7
  • 3.2 Niobrara Shale Play, Leasing Details 8
    • 3.2.1 Land Lease Sale, August 2012 (State Land) 10
    • 3.2.2 Land Lease Sale, November 2012 (State Land) 12

4 Niobrara Shale, Operational Overview 14

  • 4.1 Shale, Initial Production Rates 14
  • 4.2 Niobrara Shale, Planned Wells 14
  • 4.3 Niobrara Shale, Planned Rigs 16
  • 4.4 Niobrara Shale, Well Profile 17
  • 4.5 Niobrara Shale, Production Trends, 2007-2020 18
    • 4.5.1 Production, 2007-2012 18
    • 4.5.2 Gross Production by Company, Colorado, 2012 21
    • 4.5.3 Gross Production, 2007-2020 22
  • 4.6 Niobrara Shale, Cost Trends 23
    • 4.6.1 Well Cost 23
    • 4.6.2 Finding and Development Cost 23
    • 4.6.3 Capital Expenditure by Major Companies 24
  • 4.7 Niobrara Shale, Drilling Activity, 2011-2012 25
  • 4.8 Niobrara Shale, Major Drilling Activities in Colorado, 2011-2012 25
    • 4.8.1 Colorado, Drilling Activities by Field 26
    • 4.8.2 Colorado, Drilling Activities by Company 28
  • 4.9 Niobrara Shale, Major Drilling Activities in Wyoming, 2012 31
    • 4.9.1 Wyoming, Drilling Activities by County 31
    • 4.9.2 Wyoming, Drilling Activities by Company 33

5 Niobrara Shale, Competitive Landscape 36

  • 5.1 Niobrara Shale, Major Companies by Acreage, Latest Reported 36
  • 5.2 Niobrara Shale, Operational Analysis of Major Companies 38
    • 5.2.1 Anadarko Petroleum Corporation 38
    • 5.2.2 Noble Energy Incorporated 40
    • 5.2.3 Chesapeake Energy Corporation 42
    • 5.2.4 Encana Corporation 44
    • 5.2.5 CNOOC Limited 44

6 Niobrara Shale, Mergers and Acquisition Activity in the Play, 2008-January 2013 45

7 Appendix 49

  • 7.1 Market Definitions 49
  • 7.2 Abbreviations 49
  • 7.3 Sources 50
  • 7.4 Methodology 51
    • 7.4.1 Coverage 51
    • 7.4.2 Secondary Research 51
    • 7.4.3 Primary Research 51
    • 7.4.4 Expert Panel Validation 52
  • 7.5 Contact Us 52
  • 7.6 Disclaimer 52

List of Tables

1.1 List of Tables

  • Table 1: Total Amount Received in State Lease Rounds, Wyoming (US$MM), 2008-2012 9
  • Table 2: State Lease Sale, Major Companies by Investment, Wyoming (US$MM), August 2012 11
  • Table 3: State Lease Sale, Major Companies by Investment, Wyoming (US$MM), November 2012 13
  • Table 4: Niobrara Shale, Wells Planned by Major Companies, 2013* 14
  • Table 5: Niobrara Shale, Wells Planned by Major Companies, 2012* 15
  • Table 6: Niobrara Shale, Gross/Net Wells Planned by Major Companies, 2012 15
  • Table 7: Niobrara Shale, Planned Rigs by Company, 2013* 16
  • Table 8: Niobrara Shale, Planned Rigs by Company, 2012 16
  • Table 9: Niobrara Shale, Wells Decline Rate (%), 2012* 17
  • Table 10: Niobrara Shale, Crude Oil and Natural Gas Gross Production, the US (mmboe), 2007-2012* 18
  • Table 11: Niobrara Shale, Crude Oil and Natural Gas Gross Production, Colorado (mmboe), 2007-2012* 19
  • Table 12: Wyoming, Gross Production from the Niobrara Shale (mmboe), 2007-2012* 20
  • Table 13: Niobrara Shale, Gross Production by Top 15 Companies (mmboe), 2012 21
  • Table 14: Niobrara Shale, Gross Production (mmboe), 2007-2020 22
  • Table 15: Niobrara Shale, Cost Per Well (US$MM/well), Latest Reported 23
  • Table 16: Niobrara Shale, Finding and Development Cost (US$/boe), Latest Reported 23
  • Table 17: Niobrara Shale, Planned Capital Expenditure by Major Companies (US$MM), 2013* 24
  • Table 18: Niobrara Shale, Planned Capital Expenditure by Major Companies (US$MM), 2012* 24
  • Table 19: Niobrara Shale, Colorado, Number of Well Permits, November 2010-December 2012 25
  • Table 20: Niobrara Shale, Total Number of Well Permits by Field, Colorado, 2012 27
  • Table 21: Niobrara Shale, Total Number of Well Permits by Company, Colorado, 2012 29
  • Table 22: Niobrara Shale, Total Number of Horizontal Well Permits by County, Wyoming, As of January 7, 2013 32
  • Table 23: Niobrara Shale, Number of Horizontal Well Permits by Company, Wyoming, As of January 7, 2013 34
  • Table 24: Niobrara Shale, Leading Companies by Acreage, Net Acres, Latest Reported* 37
  • Table 25: Anadarko Petroleum Corporation, Niobrara Shale, Key Operational Parameters, Latest Reported* 39
  • Table 26: Noble Energy Inc, Niobrara Shale, Key Operational Parameters, Latest Reported* 41
  • Table 27: Chesapeake Energy Corporation, Niobrara Shale, Key Operational Parameters, Latest Reported* 43
  • Table 28: Encana Corporation, Niobrara Shale, Key Operational Parameters, Latest Reported* 44
  • Table 29: CNOOC Limited, Niobrara Shale, Key Operational Parameters, Latest Reported* 44
  • Table 30: Niobrara Shale, Major Merger and Acquisitions by Deal Value (US$MM), the US, 2008-January 2013* 45

List of Figures

1.2 List of Figures

  • Figure 1: Niobrara Shale Formation, Northeastern Colorado, Stratigraphy, 2013 7
  • Figure 2: Total Amount Received in State Lease Rounds, Wyoming (US$MM), 2008-2012 8
  • Figure 3: State Lease Sale, Major Companies by Investment, Wyoming (US$MM), August 2012 10
  • Figure 4: State Lease Sale, Major Companies by Investment, Wyoming (US$MM), November 2012 12
  • Figure 5: Niobrara Shale Play, Well Profile, 2012* 17
  • Figure 6: Niobrara Crude Oil and Natural Gas Gross Production, the US (mmboe), 2007-2012* 18
  • Figure 7: Niobrara Shale, Crude Oil and Natural Gas Gross Production, Colorado (mmboe), 2007-2012* 19
  • Figure 8: Wyoming, Gross Production from the Niobrara Shale (mmboe), 2007-2012* 20
  • Figure 9: Niobrara Shale, Gross Production by Top 15 companies, Colorado (mmboe), 2012 21
  • Figure 10: Niobrara Shale, Gross Production (mmboe), 2007-2020 22
  • Figure 11: Niobrara Shale, Colorado, Number of Well Permits, November 2010-December 2012* 25
  • Figure 12: Niobrara Shale, Total Number of Well Permits by Field, Colorado, 2012 26
  • Figure 13: Niobrara Shale, Total Number of Well Permits by Company, Colorado, 2012 28
  • Figure 14: Niobrara Shale, Wyoming, Major Counties by Horizontal Well Permits, As of January 7, 2013* 31
  • Figure 15: Niobrara Shale, Major Companies by Horizontal Well Permits, Wyoming, As of January 7, 2013 33
  • Figure 16: Niobrara Shale, Leading Companies by Acreage, Net Acres, Latest Reported* 36
  • Figure 17: Anadarko Petroleum Corporation, Operational Map, Niobrara Shale, 2012 38
  • Figure 18: Noble Energy Incorporated, Operational Map, Niobrara Shale, 2012 40
  • Figure 19: Chesapeake Energy Corporation, Operational Map, Powder River Basin, Niobrara Shale, 2013 42
  • Figure 20: Encana Corporation, Operational Map, Niobrara Shale, 2012 44
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