PDC Energy: Colorado Advantage [Seeking Alpha]
PDC Energy, Inc. (PDCE)
Last pdc energy, inc. earnings: 2/26 04:30 pm
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US:NASDAQ Investor Relations:
investor.pdce.com/presentations.cfm
Company Research
Source: Seeking Alpha
Leonid IkanPDC Energy (NASDAQ:PDCETheresult of the rapid population growth has been the need to adjust both where populations can grow combined with the necessity to update oil and gas operations. Some of us covered for several years how operators were properly abandoning old wells that were never used after acquiring some of these properties so that the development of the property for other use became safe.What was once considered allowable practice to simply "leave the well there" and move onto other prospects became dangerous from population growth. New abandonment techniques were needed to deal with that growth. Plus, Colorado had some of the oldest regulatory laws on the books that were just not adequate at the time. That regulation has been updated without a lot of the fears that were mentioned at the time. Still, it helps to operate far away from the large, populated areas which is exactly what this company does.Weld CountyLocation is everything in this industry. This company h
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