One-Page Deal Sheet
PDC Energy Executes an Agreement to Acquire Niobrara Assets
PDC Energy, Inc. Not Disclosed
Announced Date
May 14,2012
Effective Date
April 01,2012
Close Date
June 29,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
331
Asset/Basin:
{"DJ Basin","Wattenberg Field"}
TargetZones:
{Niobrara,Codell}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Adams
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Petroleum Development Corporation announced the acquisition of Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6 million, subject to customary terms and adjustments. The effective date of the transaction is April 1, 2012 with closing currently scheduled for June 29, 2012, subject to customary closing conditions.
Key Highlights of the Acquisition:
The assets are located almost entirely in the Core Wattenberg Field of Weld and Adams Counties, Colorado and are approximately 94%…Rockies - DJ Basin Deal Activity In Last 12 Months
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