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It does not. They are talking about thickness of bearing formation, not depth.
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yeah that’s what I meant. I just didn’t say it well. the question is does “thickness of bearing formation” mean the same thing as when they say that oil is in formations that are 100 feet thick or 200 feet thick or 500 feet thick.

If so then the Niobrara formation at least in some sectors has oil bearing formations that are roughly 500 feet thick.

this compares favorably with the baaken where the thickness of the formation is in the 100 foot range and the eagle ford where the thickness of the formation is in the 200 foot range.

“thickness of bearing formation” mean the same thing as when they say that oil is in formations that are 100 feet thick or 200 feet thick or 500 feet thick.

I believe that is true.

If so then the Niobrara formation at least in some sectors has oil bearing formations that are roughly 500 feet thick.

this compares favorably with the baaken where the thickness of the formation is in the 100 foot range and the eagle ford where the thickness of the formation is in the 200 foot range.

The Bakken and the Eagle Ford have a variety of thickness, just as I suspect the Niobrara. The Bakken has multiple layers as well along with the underlying Three Forks.

Current oil production activity has focused on the middle member as well as the underlying Three Forks Formation. The thickest area of the Bakken Formation is southeast of Tioga, North Dakota, T. 155N., R. 94W., Section 15, where it reaches 145–150 feet. This area is located at the eastern base of the Nesson Anticline. The formation generally thins evenly toward the margins of the Williston Basin. The middle and lower members of the Bakken share a similar isopachous trend (maximum thickness 75 and 55 feet, respectively); however, the upper shale demonstrates distributed areas of maximum thickness near the eastern and southern marginal shelf in North Dakota, in addition to maximum thickness near Tioga.

The overlying Lodgepole Formation consists of dense limestone and calcareous shale with minor amounts of chert and anhydrite with a maximum thickness of 900 feet in eastern McKenzie, ND. The Bakken is underlain by the Three Forks Formation, which has a maximum thickness of 250 feet in eastern McKenzie County. The Three Forks Formation consists of shales, dolostones, siltstones, sandstones, and minor occurrences of anhydrite.

http://www.undeerc.org/bakken/geology.aspx

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This paper gives a higher level of detail for Niobrara and associated geology. Note the pockets, varying thickness and other items.

I'm not trying to say this isn't much. But I don't see the information showing expectations to be significantly greater the Eagle Ford. When a press release uses "oil in place" numbers and makes no reference to technically producible, I see it as marketing, not technical publication.