PDC Energy High Quality Assets Company Highlights Core Wattenberg Market Cap: 2.3 Billion(1) Enterprise Value: 2.8 Billion(1) YE 2014 proved reserves 250 MMBoe 64% liquids, 30% proved developed Stress tested to 50/Bbl only 9%…
Utica Position Summary 680 MBoe Condensate Window(1) Net Acres: 67,000 % HBP: 50% Producing Hz Wells: 19 Potential Hz Locations: 220 2015 Est. Capital: 35MM 1,200 MBoe WetGas Window(1) PAGE (1) Production data…
Dynamite Wells Continue to Impress As of March 15, 2015; Average Dynamite Lateral Length of 5,500 Appx. 15% above type curve Dynamite performance tracking above 680 MBoe type curve after 90 days Updated completion design…
Utica Gas Gathering Summary Two Primary Long-Term Processing Contracts MarkWest (MWE) PDC volumes flow to Seneca Plant Access to all major NGL takeaway projects in the northeast region MWE has current capacity of 1.1 Bcf/d…
Maximizing Utica Gas Netbacks Challenging Price Environment for at Least the Next Couple Years Key Updates for Utica Pricing PDC Gas Realizations vs. Utica Indices PDC utilizing excess pipeline capacity to reach premium Chicago &…