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Pedevco to Begin Drill Ops on Seven Wattenberg Wells
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PEDEVCO Corp. d/b/a Pacific Energy Development announced that drilling operations are expected to commence this week on the seven new Wattenberg horizontal wells in which the Company elected to participate for its full 25% working interest in each well.
As previously reported, these wells will be drilled and completed by a third party operator in the Wattenberg Area of Weld County, Colorado. These seven wells are located in the same section as three of the Company's producing wells where it participated and which wells, as previously reported, had initial production rates in excess of 500 BOE/d.
Furthermore, the Company is pleased to announce that it has elected to participate for its full working interest in an eighth horizontal well recently drilled and currently awaiting completion by…
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