In a special press release issued earlier this week, WPX Energy (WPX) provided an update on what the company believes to be its "major discovery" in the Niobrara (Lower Mancos) Shale in the Piceance Basin. WPX announced that its first horizontal test well located in Garfield County produced over 1 Bcf of natural gas in just over 100 days of operation. The result is truly impressive and is similar to production rates observed in sweet spot locations of the Haynesville. Most importantly, the well is continuing to produce at a very strong rate after 100 days, which re-confirms significant recovery potential.
Dejour Energy (DEJ) (Dejour has over 7,500 net acres of land prospective for Niobrara-Mancos in the Piceance. The WPX well is situated between Dejour's Kokopelli and Roan Creek leaseholds).