One-Page Deal Sheet
PDC Energy Purchases Working Interest in Southwestern Pennsylvania
PDC Energy, Inc. Castle Gas Company, Inc.
Announced Date
March 01,2008
Effective Date
October 01,2007
Close Date
October 30,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
53
Asset/Basin:
{"Appalachian Basin"}
Transaction Details: Subscribe to see
Petroleum Development Corporation announced that it has completed its previously announced purchase of a majority working interest in approximately 760 natural gas wells located in southwestern Pennsylvania, which are operated by Castle Gas Company, Inc. The purchase price is approximately $53,000,000 (Fifty Three Million Dollars) and includes approximately 47 Bcfe of reserves net to the purchased interest (15.8 Bcfe net Proved Developed Producing, 31.2 Bcfe of net Proved Undeveloped Reserves) and associated pipelines, real estate, undeveloped acreage and equipment, which includes the assets…
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