Anadarko (NYSE:APC), Rex Energy (Nasdaq: REXX), Carrizo (Nasdaq:CRZO), Petroleum Development (Nasdaq:PETD) and QEP (NYSE:QEP) Niobrara Results Anticipated

Anticipation is growing over the Niobrara well results from energy companies like Anadarko (NYSE:APC), Rex Energy (Nasdaq:REXX), Carrizo (Nasdaq:CRZO), Petroleum Development (Nasdaq:PETD) and QEP (NYSE:QEP), who are expected to release findings over the next several months.

Barclays (NYSE:BCS) noted, "The Niobrara could be the next big oil-shale play. The Eagleford and arguably the Bakken and Barnett are the others. Activity in the area has picked up and we expect a slew of new well results (many in untested areas) over the coming months. Chesapeake's (NYSE:CHK) much anticipated JV deal could add to the buzz.

"News flow is expected to increase soon. Anadarko Petroleum, Rex Energy, Carrizo, Petroleum Development and QEP Resources are all due to report results from horizontal wells targeting the Niobrara between now and late January/mid-February. SM has recently completed its second well in Laramie county and NBL is also drilling its first wells in Wyoming. EOG has been monitoring well performance looking for more proof of matrix support and will provide an update in early 2011. Bill Barrett (NYSE:BBG) is testing the prospectivity of its acreage in the Wind River Basin. Continental Resources (NYSE:CLR) and Marathon Oil (NYSE:MRO) should spud their first wells soon."

Anadarko closed Thursday at $69.07, up $0.43, or 0.63 percent. Rex Energy closed at $12.35, up $0.25, or 2.07 percent. Carrizon ended the session at $30.31, up $1.21, or 4.16 percent. Petroleum Development was at $38.82, up $0.04, or 0.10 percent. QEP Resources ended the day at $37.29, up $0.08, or 0.22 percent.