PDC Energy Announces Unanimous Approval of Spinney Oil and Gas Development Plan, PDC's First Approved Permit Under New Rulemaking
PDC Energy, Inc. (PDCE)
Last pdc energy, inc. earnings: 2/26 04:30 pm
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Source: GlobeNewswire
DENVER, Oct. 06, 2021 (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 Spinney Oil & Gas Development Plan (OGDP) permit application. The Spinney, an eight-well pad in rural Weld County, Colorado, marks PDC’s first approved permit under the new rules, which were enacted in January 2021. As of September 30, and inclusive of the Spinney OGDP, PDC's estimated combined approved permits and drilled but uncompleted wells (DUCs), reflect all projected turn-in-line activity through 2023. President and CEO Bart Brookman commented, “The approval of our first OGDP under the new rules marks a tremendous accomplishment for PDC and reflects the incredible work of our internal working team, which includes members of our Land, Regulatory, Planning & Development, Operations and EHS teams, among others. Thanks to our partnerships and collaboration with local communities, We
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