PDC Energy presents at EnerCom’s The Oil & Gas Conference®

PDC Energy’s (ticker: PDCE) primary focus continues to be on developing its approximately 2,000 horizontal drilling locations in the Core Wattenberg Field located in Colorado and in its focus areas in the Delaware Basin in West Texas

Q2 highlights

  • Production of 9.4 million barrels of oil equivalent, or approximately 103,000 barrels of oil equivalent per day, representing a year-over-year increase of 20 percent from Wattenberg and Delaware basin operations.
  • Oil production of 3.9 million barrels, a 25 percent increase year-over-year from Wattenberg and Delaware basin operations.
  • Delaware basin production averaged approximately 25,000 Boe per day, a sequential increase of approximately 20 percent from the first quarter of 2018.

Breakout session at the EnerCom conference

During PDC’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • Could you talk about water and sand in the Delaware?
  • Could you talk the pressure drawdown in the Delaware and your Uplift in your EUR.
  • For the 8 well pad in block 4; Is that going to be up in 3q or 4q?
  • Out in DJ, you discussed the eastern area, do you have any plans for a play out west?
  • How do you anticipate the capacity for plant 12?
  • You mention Plant-10, can you tell us where it’s at how the volume ramp-up is going?
  • What about the allocation amongst their various customers.
  • So for the 3-year guide that you released, is that going to be all Kersey or is that going to be more in the plains area?
  • You increased your working interest, is that in the Permian or both DJ and the Permian and was there anything weird second quarter.
  • Are there any plans for future wells in the Delaware block 4 area or…?
  • Are there any service signs of inflation moving into this next year?

You can listen to PDC Energy’s presentation here.

Legal Notice