- PDC Energy (PDCE +11.1%) shares are surging after reporting total proved reserves as of Dec. 31 were 266M boe vs. 193M boe in the prior year.
- Pre-tax PV-10 proved reserve value rose to $2.7B as of Dec. 31 vs. $1.7B at year-end 2012, driven primarily by highly economic reserve additions in the Wattenberg Field; proved reserves at year-end 2013 were comprised of ~54% liquids and 46% natural gas.
- PDCE plans to ramp up the pace of development by adding a fifth drilling rig in Wattenberg in Q2 2014 and a second drilling rig in the Utica in H2.
From other sites
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 1, 2014)
at CNBC.com (Apr 17, 2014)
at CNBC.com (Oct 1, 2013)
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