Denver Julesburg (DJ) Basin in the Unites States of America (USA), 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025

The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant decline since production peaked in November 2019. Reversing this trend will depend on the capital allocation from major oil and gas operators in this region, says GlobalData.

The DJ Basin accounted for 7.02% of oil and 6.65% of natural gas production in the United States Lower 48 for 2020.

Oil and gas production in the DJ Basin was adversely affected by the COVID-19 outbreak and subsequent restrictions on economic activity. However, H1 2021 imparted optimism in the market, paving the way for recovery. As restrictions and travel bans were gradually eased, demand prospects improved and encouraged production. However, even with this improvement, production of both oil and gas is not expected to recover to pre-pandemic level.  

 

Scope

The report analyses the crude oil and natural gas appraisal and production activities in the DJ Basin shale play in US. The scope of the report includes:

Comprehensive analysis of crude oil and natural gas historical production and outlook during 2018-25

Detailed information of impact on well development, permits and deals due to COVID-19 pandemic

In-depth information of well productivity and well completion parameters across DJ Basin shale play in the US

Analysis of top companies’ net acreage, planned capital expenditure in 2021, as well as crude oil and natural gas reserves and production stats as of 2020

Up-to-date information on major mergers and acquisitions across the DJ Basin shale play between 2020 and 2021

Reasons to buy

Develop business strategies with the help of specific insights into the DJ Basin shale play in the US

Plan your strategies based on economic viability and expected developments in the DJ Basin shale play

Keep yourself informed of the latest M&A activity in across DJ Basin shale play

Identify opportunities and challenges in across DJ Basin shale play

Table of Contents

1. Overview 6

1.1 DJ Basin, Recent Developments and Trends 6

2. DJ Basin, Introduction 8

2.1 DJ Basin, Formation Overview 8

3. DJ Basin, Production and Activity Overview 9

3.1 DJ Basin, Production Analysis, 2018-2020 9

3.2 DJ Basin, COVID-19 Impact on Production 12

3.3 DJ Basin, Production Outlook, 2021-2025 13

3.4 DJ Basin, Drilling Activity 14

3.5 Well profile 17

4. DJ Basin, Competitive Benchmarking 19

4.1 DJ Basin, Major Companies with Prominent Presence, 2021 19

4.2 DJ Basin, Major Companies’ Financial Standings 21

4.3 DJ Basin, Operational Performance of Leading Operators 22

4.4 DJ Basin, Completion Parameters, 2019-21 23

4.5 DJ Basin, Future Plans of Major Companies 27

4.6 DJ Basin, Cost Trends, March 2021 28

5. DJ Basin, Analysis of Bankrupt Companies 29

5.1 HighPoint Resources Corp 29

5.2 Extraction Oil & Gas Inc 30

6. DJ Basin, Associated Infrastructure 31

6.1 Pipelines 31

7. Mergers and Acquisition Activity in the DJ Basin, 2019-2021 34

7.1 Overview of M&A Activity 34

7.2 Major Acquisitions 34

8. DJ Basin, Analysis of Major Companies 37

8.1 EOG Resources, Inc. 37

8.2 Whiting Petroleum Corporation 37

8.3 Extraction Oil & Gas, Inc. 38

8.4 Petroleum Development Corporation 38

8.5 Bonanza Creek Energy, Inc. 38

8.6 Occidental Petroleum Corporation 39

8.7 Crestone Peak Resources Operating LLC 39

8.8 Chevron Corporation 40

9. Appendix 41

9.1 Abbreviations 41

9.2 Methodology 41

| Contact Us 42

List of Tables

Table 1: DJ Basin, Crude oil and natural gas production, 2018-2020 9

Table 2: DJ Basin, Net Acreage by Company, 2021 19

Table 3: DJ Basin, Reserves and Production by Major Companies, 2020 20

Table 4: DJ Basin, Financial Standings of Major Companies, 2020 21

Table 5: DJ Basin, Operational Performance of Leading Operators, January 2020 – March 2021 22

Table 6: DJ Basin, Planned Capital Expenditure by Major Companies, 2020-21 (US$ million) 27

Table 7: HighPoint Resource Corp, DJ Basin, Key Operational Parameters, 2020 29

Table 8: Extraction Oil & Gas Inc, DJ Basin, Key Operational Parameters, 2020 30

Table 9: DJ Basin, Reserves and Production by Major Companies, 2020 32

Table 10: DJ Basin, Major Deals by Oil and Gas Companies, 2019-21 35

List of Figures

Figure 1: Total Production Across Major Shale Plays, 2018-2021 6

Figure 2: Rig count in DJ Basin, and West Texas Intermediate (WTI) future prices, 2018-2021 7

Figure 3: DJ Basin, Crude Oil and Condensate Production by County (mbd), 2018-2020 10

Figure 4: DJ Basin, Natural Gas Production by County, mmcfd, 2018-2020 11

Figure 5: DJ Basin, COVID-19 Impact on Production, 2021 12

Figure 6: DJ Basin, Production Outlook, 2021 – 2025 13

Figure 7: DJ Basin, Number of Well Permits by County, January 2019 to March 2021 15

Figure 8: DJ Basin, Number of Well Permits by Key Operators, January 2019 to March 2021 16

Figure 9: DJ Basin, Well Profile for Crude Oil Production 17

Figure 10: DJ Basin, Well Profile for Natural Gas Production 18

Figure 11: DJ Basin, Proppant Mass (million lbs) vs Lateral Length (ft) 23

Figure 12: DJ Basin, Average Peak Crude Oil Production vs Lateral Length (ft) Quartile 24

Figure 13: DJ Basin, Peak Total Production vs Lateral Length, 2019-2021 25

Figure 14: DJ Basin, Total EUR vs Lateral Length, 2019-2021 26

Figure 15: DJ Basin, Major Companies by Well Costs (US$ mil), March 2021 28

Figure 16: DJ Basin, Major Active Crude Oil and Natural Gas Pipelines by Capacity, March 2021 31

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