New York Times: The price of oil keeps dropping. But that didnt stop a work crew from drilling a well recently on what was once a cornfield, carefully guiding the last sections of 13,000 feet of pipe spiraling into the hard Niobrara shale with a diamond-tipped bit.
Their well, one of hundreds drilled by Anadarko Petroleum in eastern Colorados Wattenberg field this year, could someday gush as many as 800 barrels of crude oil a day. But Anadarko is not planning to produce a drop of crude from the well for at...