Niobrara: the next big shale play
Potential of between 500 million and 1.5 billion barrels of oil equivalent unconventionals
Significant cash-flow generator
Earlier, the firm said it expects its production from the region to increase at a compound annual rate of 20% between 2010 and 2012. It produced about 72,400 boe from Wattenberg in the last quarter. Anadarko also has holdings in the Wyoming sector of the shale play, taking its total position in the Niobrara to about 1.2 million acres.