According to an October 2012 report by Wunderlich Securities, several midsized independent operators are expanding Wattenberg Field operations with added acreage and new facilities.

The report, “The Wattenberg Field – Gearing Up for Major Expansions,” notes that Anadarko Petroleum Corp.’s horizontal drilling and completion techniques “raised the recovery factor in this basin and, along with Noble Energy, have worked on midstream solutions and pushed gathering projects ahead.”

Drilling Programs

According to IHS Inc., Anadarko’s Wattenberg horizontal program has “estimated ultimate recoveries of 300,000 to 600,000 barrels of oil equivalent per ...