Statement on Colorado Air ProposalRead More
The DJ Basin, where we hold approximately 640,000 net acres in northern Colorado, contains our largest U.S. onshore field at Wattenberg. Development in the Wattenberg field, which is focused on horizontal drilling in the Niobrara and Codell formations, produces strong returns for Noble Energy due to low operating costs and a high contribution of oil and natural gas liquids. Production from Wattenberg represents approximately 75 percent of our onshore U.S. volumes. With a focus on continuous improvement through integrated development planning and enhancements in drilling and completion procedures, we have become a top operator in the field.
We are actively applying new technology in our operations, including the use of horizontal drilling to increase recoveries of liquid-rich hydrocarbons from the Niobrara formation of the Wattenberg field. Our well completion and fracing strategies are improving production and reducing our drilling times. The performance of our latest wells demonstrates the improvements we have made. We drilled approximately 85 horizontal Niobrara wells in 2011; approximately 200 horizontal wells in 2012; and plan to drill approximately 300 horizontal wells in 2013. We are focused on further accelerating the development of Wattenberg and continue to test the exploration opportunities in northern Colorado and southern Wyoming.