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PDC's 1Q Production Skyrockets 65% YOY to 47,840 BOE/d
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PDC Energy, Inc. reported its 2016 first quarter financial and operating results.
Key Points: Production of 4.6 million barrels of oil equivalent, a 58% increase year-over-year; daily production of 50,216 barrels of oil equivalent. Crude oil production of 20,965 barrels per day, a 44% increase year-over-year and representing 42% of total production. Turned-in-line 47 gross operated wells, including 34 turn-in-lines in March 2016. Wattenberg - The Company turned-in-line 47 gross operated wells in the Wattenberg Field during the first quarter of 2016 and produced 47,840 Boe per day, an approximate 64% increase from the first quarter of 2015.Bart Brookman, Chief Executive Officer and President, commented, "I am very pleased with the first quarter and our ability to deliver results…
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