Niobrara Play Comes of Age

The Niobrara-Codell shale in the Denver Julesburg Basin continues to generate among the highest returns in unconventional energy. In the past couple of years the “Niobrara has firmly emerged from geologically tricky prospect to full-blown development.” Noble Energy’s President and CEO, David Stover, in an interview for the Denver Business Journal commented, “When we look at the returns for the DJ, especially as you move into the oil window, they’re right up there with the premier fields in the country. I can’t see it never being a core position for us.” Noble and Anadarko Petroleum are the premier operators in the DJ Basin Niobrara-Codell play.