Government & Regulatory | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Drilling Activity | Capital Expenditure - 2019
PDC Talks Capital, Rig Plans Through 2020; Latest Delaware, Wattenberg Ops
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PDC Energy reported its Q3 2018 results.
Talks Capital Plan Through 2020 - Steady Spending Growth - 2019 Capex: $950 million - $1.050 billion (has IDed a tentative 2020 capex of $1.0-1.2 billion)- Rig Plans: Six Rigs Running (3 Delaware Basin / 3 Wattenberg)
Production Highlights:- Q3 production of 110,000 BOEPD, up +21% YOY and up +8% from 2Q18
Oil production of 4.3 million barrels, a 27% increase YOYPresident and Chief Executive Officer, Bart Brookman commented, "Our Wattenberg operating performance is beginning to improve, as production and costs are both trending in the right direction; however, our production continues to be curtailed by the shortfall in midstream capacity in the basin. In the Delaware, our Grizzly Bear downspacing test has moved PDC one-step closer to…
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