The last time we checked in on Chesapeake Energy
Chesapeake's new Niobrara partner, China's CNOOC
The per-acre valuation works out to around $4,750 before discounting for the time value of money. That's less than half of what CNOOC paid to earn in to the Eagle Ford down in South Texas, as well as what companies like Williams
The simplest answer is that the Niobrara is at a much earlier stage of development than either of the aforementioned plays. The data points are encouraging, but limited to a relatively small number of early wells drilled by the likes of Noble Energy
The Chesapeake tide is lifting other Niobrara boats today, including Samson Oil & Gas