Locator: 45388CVX.
CVX: deal to acquire PDC closes today. WTI touches 10-month high. Link here.
From PDC Energy website the day the deal closed. Link will probably disappear.
- GEOGRAPHICAL DIVERSITY
- We currently operate in two geographically distinct areas of the country, with primary interests in the Wattenberg Field and Delaware Basin.
- Denver – Julesburg Basin Core Wattenberg Field – Weld County, Colorado
- Permian Basin Delaware Basin – Reeves County, West Texas
- EMPHASIS ON OIL AND NGL
- Our focus is on horizontal Niobrara and Codell development in the liquid-rich Wattenberg Field, where liquid content in new horizontal wells is expected to average 50% – 75% of the production stream.
- In the Delaware Basin, the Company is primarily targeting Wolfcamp A and B development where we expect the Eastern acreage block to be 70-80% liquids and the Central block 60-70% liquids.
- DRILLING AND DEVELOPMENT
- Annual production for 2021 averaged 195,000 Boe per day and proved reserves at year-end 2021 totaled 814 MMboe.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.