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PDC Ups Oil Output 51% to 3.8 MMBbls; Awaiting IPs from Q1 Delaware Basin Wells

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   |    Wednesday,May 09,2018

PDC Energy reported its Q1 2018 results.

Highlights:

- Q1 2018 production of 99 MBOEPD (up +34% YOY and up +14% from 4Q17)

  • YOY oil production increase of 51% to 3.8 million barrels (MMBbls), representing 43 percent of total production.

Drilling Update

Delaware Basin

- Spud 8 wells / TIL 7 wells in Q1

The wells, which include a mixture of Wolfcamp A and B, standard- and mid-reach laterals, have yet to reach peak production, and are currently averaging approximately 1,150 BOEPD (55% oil).

Wattenberg

- Spud 35 wells / TIL 29 wells in Q1

No well results were reported.

 

 

 

 

 

 


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