Rex Energy (REXX) released an operational update on its operations in the Niobrara Shale. The company has acreage in Colorado and Wyoming.
Rex Energy said that the Herrington 41-26H well had an initial production rate of 202 barrels of oil equivalent (BOE) per day, composed of 173 barrels of oil and 175,000 cubic feet per day of natural gas. The company estimates the estimated ultimate recovery (EUR) from the Herrington 41-26H well at 125,000 BOE.
Rex Energy said that the Silo State 41-22H well had an initial production rate of 67 BOE per day, composed of 54 barrels of oil and 78,000 cubic feet per day of natural gas. This was the company’s first well drilled into the Niobrara Shale.
Rex Energy also reported that the BJB 34-14H Niobrara Shale well was completed and appears to be non commercial. All three of these Niobrara wells were drilled in the Silo Field, located in Laramie County, Wyoming.
Rex Energy is currently drilling the Shapley 14-45H into the Niobrara on the company’s acreage in Weld County, Colorado.