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Tag Archives: Codell

Energy Pipeline: News Briefs

PDC Energy reports year-end 2014 reserves and production As of Dec. 31, 2014, the total proved reserves for PDC Energy increased 11 percent to 250 million barrels of oil equivalent, compared to 226 million barrels of oil equivalent reported the year before. The value of the company’s proved reserves increased to $3.5 billion as of Dec. 31, compared with $2.7 ...

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Synergy’s growth allows for more acquisitions

The recent dip in crude prices is helping a local exploration and production company acquire more acreage on which to drill in Weld County. Officials from Platteville-based Synergy Resources said falling crude prices only positioned them to acquire more acreage — and they proved it days later, announcing they had acquired 17 horizontal wells, 73 operated vertical wells, 11 non-operated ...

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Synergy Resources kick starts its holiday shopping

Colorado-based Synergy Resources is now the proud owner of 17 non-operated working horizontal wells at the Wattenburg field in the Denver-Julesburg basin, according to Petro Global News. The acquisition was made by Synergy for a $125 million price tag. Ten of the purchased wells currently are in production, while the other seven are in the process of being completed. The ...

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Niobrara production continues to grow

Although the Wattenberg Field in Colorado has been in development since its discovery in 1970, it continues to show promise for both operators and investors according to a recent article by the Motley Fool. The deployment of hydraulic fracturing in the area has led to a resurgence in profitability for companies like Synergy Resources and Anadarko Petroleum. Horizontal drilling methods ...

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PDC Energy reports double digit production growth for 2013

oil growth

(Greeley Tribune)–PDC Energy, Weld County’s No. 3 oil and gas producer, reported continued production growth in the last year topped by its wells in the Wattenberg Field. Because of production and continued cost savings in its three main drilling fields — the Wattenberg in Weld County, its Utica play in Ohio, and the Marcellus play in Pennsylvania — the company ...

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