Niobrara Shale: Apache Corporation

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11/09/2010

Wyoming Nets $49 Million In Niobrara Shale Lease Auction

The Wyoming Office of State Lands and Investment released the results of an auction of mineral leases held on November 3, 2010. The leases are in areas that are prospective for the Niobrara Shale formation.

The Wyoming Office of State Lands and Investment offered 200 parcels and raised $48.8 million in wining bids. Many public companies participated in this Niobrara Shale auction including QEP Resources (QEP), Marathon Oil (MRO), Apache Corporation (APA) and Double Eagle Petroleum (DBLE). The winning bids ranged from $1 to $4,725 per acre. The full results are located here.

Posted at 01:42 PM in Acreage, APA, Apache Corporation, Auction, Company News, Cost Per Acre, DBLE, Double Eagle Petroleum, Marathon Oil, MRO, QEP, QEP Resources , Wyoming, Wyoming State Lands and Investments Board | Permalink | Comments (0) | TrackBack (0)

Technorati Tags: and Double Eagle Petroleum, APA, Apache Corporation, DBLE, Marathon Oil, MRO, Niobrara Shale, QEP, QEP Resources, Wyoming, Wyoming Office of State Lands and Investment

06/09/2010

Mariner Energy Acquires Niobrara Shale Acreage

Mariner Energy (ME) announced the acquisition of 54,000 net acres in the Denver Julesburg (DJ) Basin that is prospective for the Niobrara Shale. The deal closed on April 13, 2010, and Mariner Energy would not disclose the purchase price or the name of the seller.

The Niobrara Shale acreage is located is Laramie County, Wyoming. Apache Corporation (APA) is purchasing Mariner Energy.

Posted at 06:29 AM in Acquisition, Acreage, APA, Apache Corporation, Laramie County, Mariner Energy, ME, Net Acres, Wyoming | Permalink | Comments (0)