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DJ Basin Operator Increased Wells Planned to 158 Wells In 2018
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PDC Energy reported its 2Q 2018 results and of particular note, the company is increasing its 2018 DJ Basin development plan.
"In Wattenberg, the Company now projects to spud between 150 to 165 wells in 2018, an increase from the previous range of 135 to 150, due to drilling efficiency gains realized through the first half of the year.
Additionally, as a result of prior acreage trades leading to a more consolidated position, the Company has been able to modify its drilling and completion techniques to more effectively contact and stimulate the heels and toes of its laterals.
This has led to an increase of approximately ten percent in anticipated completion stages per well throughout 2018. The Company expects the cost of additional stages, when combined with modest service cost inflation…
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