PDC Releases 2017 Plans – Drilling Just 2 Utica Wells in 2H17

PDC Energy logoPDC Energy, a driller in the Wattenberg Field in Colorado and the Utica in Ohio, paused their Utica drilling program in 2015 (see PDC Energy Pushes Pause Button on OH Utica Drilling for 2015). Last December the company announced they would restart Utica drilling in 2016 with plans to drill five wells (see PDC Energy to Restart OH Drilling in 2016, Drilling 5 Utica Wells). Indeed they did reactivate their program, in a much-scaled-back fashion, this past year. One of the Utica wells PDC drilled, the “Neff” well, came online earlier than expected and began producing in 2Q16 (see PDC Energy 2Q16: Utica Program Active Again, Neff Well Online). However, another shale play has turned the head of PDC–the Delaware Basin in Texas. PDC released their plans for 2017 yesterday. There is a brief mention about the Utica–they plan to drill two more wells in the second half of 2017 and spend just $18 million to do it. Both wells will be drilled in Guernsey County, OH. Here’s a preview of what’s ahead for PDC in 2017…

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