PDC Energy (PDCE -4.9%) says its acreage in the Ohio Utica is exceeding expectations in initial...

|About: PDC Energy, Inc. (PDCE)|By:, SA News Editor

PDC Energy (PDCE -4.9%) says its acreage in the Ohio Utica is exceeding expectations in initial production rates, liquids mix and other measures. But PDC is no longer actively seeking a partner to develop the play because the offers it received didn’t meet its value expectations; it now says development of its Utica position on a stand-alone basis will produce greater long-term value.