Colorado: Ultra to drill Denver basin Niobrara spread

By OGJ editors

Ultra Petroleum Corp., Houston, has acquired nearly 100,000 acres targeting liquids in the Niobrara formation in the Denver-Julesburg basin in Colorado.

The company plans to drill and complete several Niobrara exploratory wells this winter. Inherent reservoir characteristics indicate significant resource potential in the leasehold, Ultra said.

The company said its new ventures team evaluated more than 125 projects to identify opportunities to complement its long-life, high-returning assets in Wyoming and Pennsylvania, and it chose the Niobrara as a potential third core area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...