Niobrara Shale

Gulfport Energy Reports On Recent Niobrara Activity

Gulfport Energy (GPOR) reported on the company’s activity in the Niobrara play in 2011.  The company drilled three gross or 1.5 net wells into the Niobrara and said that all three wells produced oil at commercial rates.  The wells were open hole wells completed without stimulation.

Gulfport Energy recently finished conducting a 60 square mile three dimensional seismic survey of the Niobrara at the Craig Dome prospect. The company is analyzing the results of the survey and plans to start drilling here in May 2012.

Continental Resources Reports Higher Production On Staudinger 1-31H Niobrara Well

Continental Resources (CLR) issued an operations update for the fourth quarter of 2011and disclosed additional information on the company’s activity in the Niobrara Shale.

Continental Resources reported that the Staudinger 1-31H well is now producing 739 barrels of oil equivalent (BOE) per day.  This is above the initial rate of 461 BOE per day reported for the Staudinger 1-31H well in January 2012.

Continental Resources has approximately 93,339 net acres prospective for the Niobrara and estimates that 25,000 net acres have been de risked to date by the company and other operators.  The company plans to drill 14 gross or 9 net wells into the Niobrara in 2012.

PetroQuest Energy Update Niobrara Shale Drilling Program

PetroQuest Energy (PQ) updated investors on its oil and gas activities in the Rocky Mountains, where the company is working on the Niobrara Shale.

PetroQuest Energy is participating in two wells being drilled into the Niobrara Shale and expects both wells to reach total depth within the next three weeks.  The company plans to be involved with between ten and fifteen gross wells in 2011.