Synergy Resources Corporation (ticker: SYRG) announced it has finalized a turn-key contract for its third rig and will be adding it to its Wattenberg acreage immediately, according to a company news release on July 9, 2014. The terms of the new contract allow for the drilling of at least eight wells on SYRG’s Wiedeman lease, which will begin in August.
Public sentiment about hydraulic fracture stimulation (fracing) and other aspects of oil and gas exploration and production in Colorado has generated a lot of sentiment in recent months. A variety of Colorado municipalities want to institute local rules, ballot initiatives have been proposed, signatures are being collected, Congressman Jared Polis and Governor John Hickenlooper have weighed in, some local bans
Denver-based PDC Energy (ticker: PDCE) is an independent oil and natural gas company that operates in Colorado’s liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the dry-gas Marcellus Shale in West Virginia. Wattenberg Program A focal point of PDC’s Analyst Day in New York on April 17, 2014 was its downspacing
Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company with 392,000 gross (286,000 net) acres under lease. Synergy’s core area of operations and all of its production comes from the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska. Synergy’s horizontal program, initiated in May 2013, doubled the company’s revenue and production on
Denver-based PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in West Virginia. PDC announced its capital budget for 2014 will be approximately $647 million in a news release on December
PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in West Virginia. Click here for the news release. The company’s transcript can be found here. PDC Energy announced in their second
PDC Energy Inc (ticker: PDCE) is engaged in the exploration, development and production of crude oil, NGLs and natural gas. The company’s operations are focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara and Codell plays, the Utica Shale in Ohio, and the Marcellus Shale in West Virginia. 2012 was a transformative year for PDC Energy with
PDC Energy (NASDAQ: PETD) announced Q4’11 and year-end 2011 operational and financial results. The company reported a Q4’11 net loss of $8 million, or a loss of $0.35 per share, compared to a net loss of $18 million, or a loss of $0.86 per share in Q4’10. Revenues for Q4’11 totaled $80 million, an increase of 52% compared to $53
