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PDC Energy: Big Play In The Underrated Wattenburg

PDC Energy (NASDAQ:PDCE) explores, develops and produces natural gas, natural gas liquids and crude oil in the U.S. At the end of 2012, the company had approximately 1.2 trillion cubic feet equivalent of proved reserves as well as owned an interest in approximately 7,200 gross wells located primarily in the Wattenberg Field, Utica Shale, Appalachian Basin, northeast Colorado (recently divested) and Piceance Basin.

Key figures (in millions, unless otherwise stated or on a per share basis).

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PDC's acreage holdings consist primarily of interests in developed and undeveloped natural gas and crude oil leases. It's primarily focused on development in the Wattenberg Field in Colorado, particularly in the liquid-rich horizontal Niobrara and Codell

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