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?
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