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PDC Spuds 53 Wattenberg Wells in 3Q; Ups Production 29%
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PDC Energy, Inc. reported its 2015 third quarter financial and operating results.
Key Points: The Company spud 53 and turned-in-line 33 gross operated wells in the Wattenberg Field during the third quarter of 2015 and average production from the field increased approximately 29% to 43,612 Boe per day compared to the second quarter of 2015. In the Utica Shale, third quarter 2015 production was 3,405 Boe per day, a 4% increase compared to the second quarter of 2015. 2015 Third Quarter Highlights Net cash from operating activities increased 94% to $136.5 million; exceeded capital expenditures of $130.9 million.Production of 47,017 Boe per day; 84% increase compared to the third quarter of 2014 and 27% growth compared to the second quarter of 2015.
Crude oil production of 21,824 Bbls…
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