Denver Julesburg (DJ) Basin in the Unites States of America (USA), 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025
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The Denver-Julesburg (DJ) Basin crude oil and condensate production was 491.4 mbd while the natural gas production was 5,058 mmcfd in 2020. The crude oil and natural gas production in the DJ Basin are projected to recover, bringing in positive market sentiment during the forecast period. The DJ Basin also referred to Denver Basin, Julesburg Basin, or DJ Basin, is crude oil and natural gas-rich formation located in Northeast Colorado and Southeast Wyoming. The formation also extends to some parts of South Dakota, Nebraska, and Kansas.
DJ Basin oil & gas shale market overview
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What was the impact of the COVID-19 on the oil and gas production in the DJ Basin?
The oil and gas production in DJ Basin was adversely affected by the outbreak of COVID -19 and followed restrictions on economic activity. However, the new year imparted optimism in the market, paving the way for recovery. Though Q1 2021 recorded a downward production trend for crude oil as well as natural gas, eased restrictions and travel bans are expected to improve the production from Q2 2021. However, the investment outlook by companies in the Basin is expected to be weak on account of new stringent rules for permit issuance implied by the Colorado Department of Natural Resources (COGCC) in 2021.
What are the key counties in DJ Basin crude oil and condensate production?
The key counties in DJ Basin crude oil and condensate production are Weld, Adams, Broomfield, Rio Blanco, and Arapahoe. Weld County in Colorado was the largest producer of gross crude oil and condensate in the DJ Basin in 2020 followed by Adams and Broomfield counties from Colorado.
DJ Basin crude oil and condensate production, by counties
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What are the key counties in DJ Basin natural gas production?
The key counties in DJ Basin natural gas production are Garfield, Weld, Rio Blanco, Mesa, and Adams. Weld County in Colorado was the largest producer of natural gas in the DJ Basin in 2020 followed by Garfield and Rio Blanco counties in Colorado.
DJ Basin natural gas production, by counties
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Which are the major companies in the DJ Basin?
The major companies in the DJ Basin are Occidental Petroleum Corp, Chevron Corp, Bonanza Creek Energy Inc, PDC Energy Inc, Extraction Oil & Gas Inc, Crestone Peak Resources Operating LLC, EOG Resources Inc, and Whiting Petroleum Corp. In 2020, Occidental Petroleum Corp was estimated to hold the largest remaining crude oil and natural gas reserves in the DJ Basin followed by Extraction Oil & Gas Inc and Chevron Corp. In terms of the net acreage, Occidental Petroleum Corp had the highest net acreage in the DJ Basin in 2021 followed by Chevron Corp and Bonanza Creek Energy Inc.
DJ Basin, by companies
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Market Report Scope
Crude oil and condensate production capacity (Year – 2020) | 491.4 mbd |
Natural gas production capacity (Year – 2020) | 5,058 mmcfd |
Key counties (crude oil and condensate production) | Weld, Adams, Broomfield, Rio Blanco, and Arapahoe |
Key counties (natural gas production) | Garfield, Weld, Rio Blanco, Mesa, and Adams |
Major companies | Occidental Petroleum Corp, Chevron Corp, Bonanza Creek Energy Inc, PDC Energy Inc, Extraction Oil & Gas Inc, Crestone Peak Resources Operating LLC, EOG Resources Inc, and Whiting Petroleum Corp |
Scope
- The report analyses the crude oil and natural gas appraisal and production activities in the DJ Basin shale play in the US. The scope of the report includes:
- Comprehensive analysis of crude oil and natural gas historical production and outlook during 2018-25
- Detailed information on the impact on well development, permits, and deals due to the COVID-19 pandemic
- In-depth information on 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 across the DJ Basin shale play
- Identify opportunities and challenges across the DJ Basin shale play
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Frequently asked questions
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What was the DJ Basin crude oil and condensate production capacity in 2020?
The DJ Basin crude oil and condensate production capacity was 491.4 mbd in 2020.
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What was the DJ Basin natural gas production capacity in 2020?
The DJ Basin natural gas production capacity was 5,058 mmcfd in 2020.
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What are the key counties in DJ Basin crude oil and condensate production?
The key counties in DJ Basin crude oil and condensate production are Weld, Adams, Broomfield, Rio Blanco, and Arapahoe.
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What are the key counties in DJ Basin natural gas production?
The key counties in DJ Basin natural gas production are Garfield, Weld, Rio Blanco, Mesa, and Adams.
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Which are the major companies in the DJ Basin?
The major companies in the DJ Basin are Occidental Petroleum Corp, Chevron Corp, Bonanza Creek Energy Inc, PDC Energy Inc, Extraction Oil & Gas Inc, Crestone Peak Resources Operating LLC, EOG Resources Inc, and Whiting Petroleum Corp.
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