Arab Today, arab today colorado oil acreage changes hands
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

Colorado oil acreage changes hands

Arab Today, arab today

Arab Today, arab today Colorado oil acreage changes hands

Houston - UPI

A swap of acreage in the Wattenberg oil reserve in Colorado will lead to greater production efficiency, Anadarko Petroleum Corp. and Noble Energy said. Anadarko and Noble announced they\'d each exchange approximately 50,000 net acres. Anadarko, which has headquarters in Texas, said the exchange would increase its daily production in Colorado by 8,000 barrels of oil equivalent. \"This Wattenberg trade unlocks significant additional value for both Anadarko and Noble Energy by consolidating operated acreage positions, which enables more efficient development planning and infrastructure utilization,\" Chuck Meloy, Anadarko\'s vice president in charge of onshore operations, said in a statement Monday. Noble said it was reimbursed $202 million for drilling costs associated with the acreage. The company said it is losing the 8,000 barrels of oil equivalent, but expects to offset the loss with \"operational efficiencies and cost savings.\" Noble said production elsewhere in Colorado\'s Denver-Julesburg basin is expected to increase at least 20 percent next year. Colorado oil and natural gas production accounts for a fraction of total U.S. production though the Energy Department said there may be \"enormous deposits\" locked in shale. Parts of the Denver-Julesburg basin were shutdown in response to massive September floods.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today colorado oil acreage changes hands Arab Today, arab today colorado oil acreage changes hands

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today colorado oil acreage changes hands Arab Today, arab today colorado oil acreage changes hands

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday