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PDC Energy (PDCE) announces a 2013 capital budget of $324M and production guidance of 55B-57B...

PDC Energy (PDCE) announces a 2013 capital budget of $324M and production guidance of 55B-57B cubic ft. equivalent. Says its first horizontal well in the Utica Shale in Ohio is estimated to be ~79% liquids and has the potential to be one of the highest return wells in the company's history. Plans to invest $254M in the Wattenberg Field in Colorado.
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