Exploration & Production | Top Story | Reserves | Well Spacing
PDC Downspacing Wattenberg Wells; Ups Proved Reserves
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PDC Energy, Inc. reported year-end 2015 proved reserves and full-year production.
Year-End 2015 Highlights Proved Reserves : 272 MMBOE (60% liquid, 40% natural gas) Production (YE-2015) : 15.4 MMboe CUM Production (YE-2015) : 42,100 Boe/d (Average Daily)Proved reserves of 272.8 million barrels of oil equivalent, an approximate 9% increase over year-end 2014 proved reserves with estimated reserve replacement of 247%
Increased well-density on proved undeveloped horizontal Niobrara locations in the Wattenberg Field from 8 to 16 wells per section-equivalent due to the continued success of downspacing
2015 production of 15.4 MMBoe representing 65% year-over-year growth and exceeding top-end of guidance
Operational UpdatePDC's full-year 2015 production was approximately 15.4 MMBoe or…
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