Rex Energy Starts Drilling Program
in Niobrara Shale
Rex Energy Corp is drillng the first of potentially dozens of new wells in Laramie County, part of the very promising Niobrara Shale which runs beneath eastern Wyoming, northern Colorado and western Nebraska.
Updated by Staff
“This is the biggest play going on, I would presume, in the Rocky Mountains right now,” said Harold Kemp, assistant director of the state lands mineral leasing and royalty compliance division,in referring to the Niobrara.
The company expects to finish drilling in a couple weeks. Rex and other energy companies are genuinely excited about unlocking the large amounts of oil believed to be in the play.
Excitement has become widespread that the right combination of drilling techniques could unlock large amounts of oil from the Niobrara Shale beneath eastern Wyoming, northern Colorado and western Nebraska.
The techniques include horizontal drilling. After drilling its well nearly 8,000 feet deep, Rex President and CEO Benjamin Hulburt said Wednesday
“At this point we plan to drill at least two wells this year and potentially six, with the intent of moving into a full-scale drilling program in 2011.”
The Wyoming Oil and Gas Conservation Commission’s tally of 77 permits issued in 2010 to date easily surpasses all previous activity in that area.
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