One-Page Deal Sheet
PDC Energy Bolts On Additional Utica Shale Acreage
PDC Energy, Inc. Not Disclosed
Announced Date
July 30,2014
Close Date
July 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
35
Asset/Basin:
{"Utica Shale","Appalachian Basin"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
PDC Energy has reported that, through a series of transactions, the company recently added approximately 13,000 net acres, subject to confirmation of title, in the liquid-rich windows of the Utica Shale play in southeast Ohio.
The newly acquired acreage closely offsets PDC's existing acreage in southern Utica including the Company's recently drilled Palmer unit acreage in eastern Morgan County as well as leasehold in northern Washington County. The cost for the additional acreage is approximately $35 million which the Company expects to be funded within its existing 2014 capital budget of…
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