Excerpt from Upstream:Anadarko’s exploration in the Niobrara...

Excerpt from Upstream:

Anadarko’s exploration in the Niobrara formation has led to “confident” estimates that its Wattenberg field can produce between 500 million and 1.5 billion net barrels of oil equivalent, the company said Monday.



So far, the company has drilled 11 wells in the Denver-area programme, with initial production rates ranging from 555 boe per day to 1,505 boepd, roughly 70% liquids.

"Our activity, which has primarily targeted the Niobrara formation within the Wattenberg field boundaries, has achieved high liquids yields and excellent well performance with average initial production rates of about 800 boepd,” Chuck Meloy, senior vice president for worldwide operations, said in a statement.