Warren Resources (WRES) reports that the company has an 80,000 net acres position that is prospective for the Niobrara Shale. The company said that the acreage is located in the eastern Washakie Basin in Wyoming. This is outside of the area that its peers are currently developing.
Warren Resources said that the Niobrara Shale is at depths of 4,000 to 10,000 feet on its acreage, and the company plans to drill one well there in the fourth quarter of 2011.
