Considering that it's generating rates of return in excess of 100% from the play, thanks to low development costs of roughly $13 per barrel of oil equivalent and high EURs of approximately 350 MBOE per well, this is a highly encouraging development for the company. And with plans to drill 350 wells in the play this year and roughly 4,000 horizontal drill sites remaining, Anadarko still has a huge runway for growth in the Wattenberg.
During the third quarter, Anadarko more than doubled its Wattenberg sales volume from 26,000 barrels of oil equivalent per day to 56,500 BOE per day
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This suggests that the wattenberg formation in the Niobrara field may well ramp up to high volumes in the next couple of years