spp timing, page-11

As I understand the area, the oil options are limited to:

1. Sell (truck oil?) to Commerce City, CO (a northern suburb of Denver) where Suncor operates a 98,000bpd refinery. Guessing this is fully contracted??

or

2. Oil not processed there generally shipped to Cushing via White Hills pipeline
http://www.westerngas.com/Operations/Pages/WhiteCliffs.aspx#overview

It is being upgraded to add capacity to bring more oil to Cushing (going from 80,000bopd to 150,000) - so WTI index applies. Again as I understand it, most of the new capacity has been sold in their early binding open season sales.

or

3. Truck to railhead my guess as sales method....
and while capacity varies, on average a rail tankcar hold 600Bbls ish. Most road tankers haul 200Bbls max (depends on road weight limits that determines how many Bbls to haul).

Niobrara produced about 48M Bbls oil in 2013 so upwards of 130,000 bopd.

http://coloradoenergynews.com/2013/03/the-niobrara-shale-drives-state-oil-production-50-year-high/

Don't forget though Niobrara is more than just CO. Our area would be outside of the Niobrara shading of this map - shown to illustrate the pieplines

Now it gets interesting... my bolding ...Apr 4 article

"The posted price for oil from the Denver-Julesburg Basin, where the Niobrara is located, rose 75 cents to $84.05 a barrel yesterday, according to the marketing division of Plains All American Pipeline LP. Alaska North Slope oil rose $1.27 to $107.46 a barrel, data compiled at 1:56 p.m. New York time show."

For our Netback calculators...