Company Profiles

Exploration & Production

Powder River Basin: In the Zone

E&Ps, some for the first time in years, are returning to what’s always been considered the hinge point for the Powder River Basin: the Niobrara Formation.

Darren

Barbee

Oil and Gas Investor

Tue, 03/24/2020 - 11:00 AM

Powder River Basin: In The Zone

(Source: Samson Resources II LLC; Shutterstock.com)

For years, the brittle rock beneath Wyoming’s Powder River Basin has whispered promises of greatness to wildcatters, geologists and explorers seeking oil.

And for nearly as many years, the basin has been pitched as a sequel to the Bakken, heir apparent to the Eagle Ford, the Rockies’ answer to the Permian Basin.

Upstream companies see now as the time to make believers of the rest of the oil and gas world. After Samson Resources II LLC was largely dismantled by a $4 billion bankruptcy, its leaders chose the Powder River to make the company’s last stand.

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Powder River Basin

Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.

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