PDC Energy Inc. recently secured additional permits from Colorado oil regulators, which has given the company at least four more years of activity in the Denver-Julesburg (D-J) Basin despite an increasingly tougher regulatory environment in the state.
In a Nov. 4 company announcement, PDC revealed it received approval in September and October related to 32 future wells from the Colorado Oil & Gas Conservation Commission (COGCC), the state’s regulatory body within the department of natural resources.
Following the recently approved Colorado drilling permit applications, PDC said it expects to exit 2020 with approximately 23 approved surface permits comprising approximately 275 future locations as well as an additional 200 DUCs. The approximately 475 combined locations equate to nearly four years of future completion activity at the PDC’s current pace, the company announcement said.
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