RBC GLOBAL ENERGY CONFERENCE JUNE 3, 2014 NASDAQ:PDCE
Company Overview NASDAQ: PDCE Strategic Core Areas Market cap 2.2 Billion (1) Colorado and Appalachian Basin Enterprise value 2.7 Billion WATTENBERG UTICA Proved reserves (YE2013) 266 MMBoe 97,000 Net Acres Liquid- 54,000 Net…
Utica Operations Drilling & Production 6/3/2014 4
Utica: Building a Core Asset PDCs Liquid-Rich Utica Position Currently Producing Wells 54,000 net acres Recently added 6,000 net acres Commissioners 14-25H - 3,950 lateral Commissioners 2H - 4,300 lateral Commissioners 3H - 4,300…
Utica Update - drilled and/or completed - planned 2014 spud New Type Curve Areas 54,000 net acres OIL CONDENSATE WET GAS DRY 300 Horizontal locations in inventory WINDOW WINDOW GAS 20% acreage in Guernsey & Noble Commissioners…
Current Type Curve Estimates Condensate Window Estimates Wet Gas Window Estimates Average Production Rate Average Production Rate Type Curve Estimate Type Curve Estimate Condensate Estimated Economics Wet Gas - Estimated…
Flowback Management Enhancing Results New Well Average Production Rate Old Well Average Production Rate Commissioners Pad Detweiler Pad Old Wells New Wells Commissioners 2H Onega Commissioners 14-25H Commissioners 3H…
Midstream Options MarkWest (MWE) MWE PDC volumes flow to Seneca Plant Cadiz Plant MWE has current capacity of 585 MMcf/d with MWE Hopedale planned expansion to 1.0+ Bcf/d by 2015 Fractionator Access to all major NGL takeaway…
Investor Relations Mike Edwards, Senior Director Investor Relations michael.edwardspdce.com Marti Dowling, Manager Investor Relations marti.dowlingpdce.com Corporate Headquarters PDC Energy, Inc. 1775 Sherman Street Suite 3000…