Energy companies will invest $7 billion this year in operations focused on the Niobrara rock formation that lies thousands of feet under five active oil and gas basins in Wyoming and Colorado, according to a recent assessment by research and consulting firm Wood Mackenzie.
The consulting firm reached its figure by totaling up capital expenditure announcements for 2014 by oil and gas companies drilling into the Niobrara formation in the five basins — a list that includes Colorado’s Denver-Julesburg…
Energy companies will invest $7 billion this year in operations focused on the Niobrara rock formation that lies thousands of feet under five active oil and gas basins in Wyoming and Colorado, according to a recent assessment by research and consulting firm Wood Mackenzie.
The consulting firm reached its figure by totaling up capital expenditure announcements for 2014 by oil and gas companies drilling into the Niobrara formation in the five basins — a list that includes Colorado’s Denver-Julesburg…