PDC Energy Announces Unanimous Approval of Spinney Oil and Gas Development Plan, PDC's First Approved Permit Under New Rulemaking
DENVER, Oct. 06, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Companys Spinney Oil & Gas Development Plan (OGDP) permit application.
- DENVER, Oct. 06, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (PDC or the Company) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Companys Spinney Oil & Gas Development Plan (OGDP) permit application.
- The Spinney, an eight-well pad in rural Weld County, Colorado, marks PDCs first approved permit under the new rules, which were enacted in January 2021.
- As of September 30, and inclusive of the Spinney OGDP, PDC's estimated combined approved permits and drilled but uncompleted wells (DUCs), reflect all projected turn-in-line activity through 2023.
- COGCC Chairman Jeff Robbins commented at the hearing, I think this is a strong application for eight wells in Weld County.