Niobrara Oil Seen as Savior for Western U.S. Oil Refiners
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Companies from Noble Energy Inc. to Whiting Petroleum Corp. are ramping up output in the Niobrara shale oil play near the Rocky Mountains that may help save U.S. West Coast refiners from dwindling supplies in their own region.
The formation spread across parts of Colorado, Kansas, Nebraska and Wyoming is estimated to hold as much as 2 billion barrels of oil, Energy Information Administration data show. Niobrara’s oil and lease condensate output will reach a record 304,434 barrels a day this month, the agency said.