PDC Energy Announces Approval Of Broe Oil And Gas Development Plan Permit Adding To Existing Multi-Year Inventory Of Colorado Development Drilling Locations [TheStreet.com]
PDC Energy, Inc. (PDCE)
Last pdc energy, inc. earnings: 2/26 04:30 pm
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Source: TheStreet.com
DENVER, June 29, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission ("COGCC") approved the Company's Broe Oil & Gas Development Plan ("OGDP") permit, which encompasses 30 wells in rural Weld County, Colorado. The Broe OGDP was initiated by Great Western Petroleum, LLC ("Great Western"), which was acquired by PDC in May 2022, and represents PDC's first OGDP approval on Great Western acreage. Combined with the previously announced Kenosha OGDP approval earlier this month, the Company has added 99 new wells to its inventory in June and will soon have over 675 permits and drilled and uncompleted wells ("DUCs"). David Lillo, Senior Vice President of Operations commented, "I would first like to thank our team at PDC and the leadership and staff at the COGCC, with whom we have established a great working relationship. Broe is the second PDC OGDP to receive unanimous approval this month, and
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