Niobrara Shale

Whiting Petroleum Reports On Redtail Niobrara Project

Whiting Petroleum (WLL) issued an update on its activity in Colorado where the company is developing the Niobrara formation at the Redtail project.  The company has 109,920 gross or 74,741 net acres in Weld County.

Whiting Petroleum started a seven well exploratory program in 2010 composed of two vertical wells and five horizontal wells. The company released the status of these seven wells as of April 27, 2011.

Terrace 36-32M	Being monitored	Vertical
Pawnee 16-13H	Recovering Frac fluid	Horizontal
Chalk Bluffs 36-13H	Shut in	Horizontal
Wild Horse 16-13H	Shut in	Horizontal
Terrace 36-11H	Recovering Frac fluid	Horizontal
Two Mile Creek 22-33M	Being drilled	Vertical
Two Mile Creek 22-13H	Final well	Horizontal

 Whiting Petroleum estimates that its acreage can accommodate 220 operated and 131 non operated wells using 320 acre spacing.  The company said that the Niobrara Shale is at a depth between 5,500 and 6,500 feet and wells can be drilled and completed with a 5,000 foot lateral at a cost between $4 million and $5 million each.

Whiting Petroleum Reports Results On Seven Wells In Niobrara Shale

Whiting Petroleum (WLL) reported the results of its exploratory drilling program into the Niobrara Shale in Colorado.  The company has drilled the Terrace 36-32M, Pawnee 16-13H, Chalk Bluffs 36-13H and Wild Horse 16-13H Niobrara wells. 

Whiting Petroleum is currently drilling the Terrace 36-11H well and expects to conduct hydraulic fracturing operations in April 2011.  The company plans to drill the Two Mile Creek 22-13H Niobrara Shale well in March 2011 and the Two Mile Creek 22-33M well in May 2011.