Too Soon to Tell on Niobrara Shale Oil Yields

A Texas oil company says its first well drilled in the Niobrara shale formation has produced as much as 446-barrels of oil per day.

Texas American company president David Honeycutt says the oil strike could encourage even more drilling in the area.

But, Dan Robitaille of the Wyoming Petroleum Association says its still too early to tell if the Niobrara formation will become a successful oil producing region.