PDC Energy Inc. said Monday it agreed to buy Denver-Julesburg (DJ) Basin operator Great Western Petroleum LLC in a $1.3 billion cash-and-stock deal that would “materially” boost its holdings in Colorado’s Wattenberg field. The Denver-based PDC said the deal, which includes $500 million in net debt, would be financed by issuing about four million shares…
Articles from Wattenberg
Denver-Julesburg (DJ) Basin pure-play HighPoint Resources Corp. produced 36,946 boed/d in the third quarter, 10% above the midpoint of guidance, management reported along with earnings results Monday.
PDC Energy Inc. again plans to invest heavily in its Denver-Julesburg (DJ) Basin properties in northeastern Colorado this year, as it continues to delineate its position and tweak completion designs in the Permian Basin of West Texas.
Despite significant production gains from each of its core areas in the Denver-Julesburg (DJ) and Permian basins, including an increasingly oilier profile, PDC Energy Inc. continued to wrestle with midstream constraints in the Wattenberg Field of northeast Colorado during the third quarter.
Denver-based PDC Energy Inc.’s senior executive team said Thursday the company is keeping equal rig counts, fracturing crews and interest in the Denver-Julesburg (DJ) and Permian basins, but said there is a political threat in Colorado from a ballot measure seeking to extend setback requirements for future oil and gas wells.
PDC Energy Inc. said this week it would budget $850-920 million next year to keep the focus on Colorado’s Wattenberg field and the Permian Basin’s Delaware sub-basin.
PDC Energy Inc. continued to lean on its core assets in the Denver-Julesburg Basin during the third quarter, while it built momentum and further delineated its position in the Permian Basin’s Delaware sub-basin, which also helped push up the oil volumes.
PDC Energy Inc. plans to defer its Utica Shale activity this year in favor of the Permian Basin and Colorado’s Wattenberg field, the company said.
PDC Energy Inc. said Monday that it would direct most of its focus next year to Colorado’s Wattenberg field and the Permian Basin, laying out a plan for the assets it acquired in West Texas earlier this year that gives it a path to more growth.
Denver-based Extraction Oil & Gas LLC, the first U.S. exploration and production company to go public in two years, climbed 15% in its debut on Nasdaq Wednesday after pricing above expectations.