PDC Energy to Restart OH Drilling in 2016, Drilling 5 Utica Wells

PDC Energy, with leased acreage in the Ohio Utica Shale, paused their Utica drilling program in 2015 (see PDC Energy Pushes Pause Button on OH Utica Drilling for 2015). PDC issued their preliminary drilling budget for 2016 yesterday. As in 2015, the company’s focus will largely focus on the Wattenberg Gas Field, part of the Denver Shale basin in central Colorado. PDC plans to invest $440 million to drill somewhere between 135-160 Wattenberg wells in 2016. However, they also will un-pause their Utica program. PDC says they will spend $34 million to drill and bring online five new Utica wells in 2016…

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