DJ/Niobrara News Pulse June 2020

Posted: July 13, 2020

The DJ/Niobrara Basin| June 2020

Field Overview

Located mainly in the Northeast of Colorado, the Denver-Julesburg Basin consists of five main oil-producing formations: Niobrara sections A-C, Codell, and Greenhorn. These five plays produce over 90% of Colorado’s oil/gas.

State Drilling Statistics (End of June)

Active Drilling Rigs in Basin: 4
Total Rigs in Colorado: 5
Total Rigs in United States: 258
Total U.S. Rigs down 73% YTD

State Top Producers

Top Oil Producer- Kerr McGee Oil & Gas Onshore LP
Top Gas Producer- Kinder Morgan

Financial & Economic Updates

Hot Water for Hickenlooper

Former Colorado Governor John Hickenlooper accepted millions of dollars from corporations and nonprofits to fund initiatives and positions in his office — an arrangement that came with limited oversight and public disclosure despite the potential conflicts of interest. The largest of these donations came from the oil and gas industry where Anadarko and Noble combined gave $325,000 in his second term alone according to a months long analysis run by local news agencies. Now the public cries for transparency in fears that some agencies (specifically oil and gas) are given preferential treatment in exchange for their donations.

Article Link

State Highlights

SB 181 Back from the Dead

Colorado Rising, an environmental group, in early June dropped its plan to get a measure on the ballot that would have tightened oil and gas regulations, including proposals to increase the distance between new wells and public spaces. It cited the pandemic and a legal battle over the state’s decision to allow electronic voter-signature gathering. However, Safe & Healthy Colorado, another group in favor of the restrictions, plans to take on the effort to require a 2,500-foot distance between new wells and public spaces, versus 500 feet for homes and 1,000 feet for schools, hospitals and other high-occupancy buildings. Dan Haley, president of the Colorado Oil and Gas Association trade group, called the initiative “reckless” and unnecessary. “Fighting this out at the ballot box year after year is not helpful or productive for Colorado, the environment, or anyone that calls this state home,” Haley said.

Article Link

Top Oil Producers (2020 cum)

1Kerr McGee10,959,834
2Noble Energy8,431,170
3Extraction (XOG)6,712,170
4PDC Energy6,605,988
5Great Western3,289,209

Top Gas Producers (2020 cum)

(Mscf )
1Kinder Morgan125,828,101
2Kerr McGee85,072,668
3TEP Rocky Mtn.71,106,576
4PDC Energy59,116,352
5Caerus Piceance57,269,556


Colorado Production

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