"There is a different story coming from the Wattenberg Field, though. It is not only cheap to drill here ($4 million to $5 million), but its been repeatable and pay back times are short.
It is difficult to talk about the Niobrara and not bring up Noble (NBL). It has 860,000 net acres in the DJ Basin, and has increased production 32% to 74 MBoe/d.
Noble has done a very good job of providing data in Wattenberg...This area has an average 30 day IP rate of 750 Boe/d"
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