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Lance Lauck, Senior Vice President, Business Development of PDC Energy (NASDAQ: PETD) presented today at EnerCom’s The Oil & Services Conference™ 10. PDC is an independent natural gas and oil company 40 years in the making. Historically strong and stable, with 2010 as a base year the company anticipates a new phase of growth in the future. PDC has significant holdings in the Rocky Mountain Region and through a joint venture in the Appalachian Basin, including the Marcellus Shale play.

During the company’s breakout session, management was asked the following questions:

  • What were the key factors that led you to divest the Permian assets?
  • What is the percentage of oil and liquids that you get from a horizontal Niobrara well in the Wattenberg?
  • What are you seeing with regards to service costs and availability in the Niobrara?
  • What does your wish list look like for a JV partner in the Utica? What terms are you thinking of for a JV deal?
  • At what gas prices to you put rigs back to work in the Piceance?
  • Who are you preferred service providers in each of your plays? Do you have any long term service agreements in place?

Click here for the PDC Energy webcast.


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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.