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PDC Energy Co
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2012 Global Hunter Securities- 100 Energy Conference
| James M. Trimble | Page 4 of 11 |
November 21, 2024
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"2012 Global Hunter Securities- 100 Energy Conference"
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Strategic Acquisition in PDC?s Core Wattenberg Operating Area ?On May 11th, PDC agreed to purchase ~35,000 net acres in the Core Wattenber g area for ~$331 Krieger 6,000 Net Acres g million?29.2 MMBoe net proved reserves(1)(58% liquids; 54% proved developed reserves) ?3,002 Boe/d net production in 2011 ? 100% HBP, 94% operated?Significant overlay with existing Core Wattenberg acreage position?Pro forma 103,000 net acres in core of play Core Wattenber g ?Pro forma 546 gross proved and probable horizontal Niobrara locations?Potential for substantial additional drilling locations from horizontal Niobrara down-spacing &horizontalCodell g 103,000 Net Acres & horizontal Codell ?Plan to accelerate drilling in core area with addition of 2ndrig in third quarter 2012 and a 3rdrig in the core area in 2013 Existing PDC Leasehold Acquisition Leasehold Weld County Adams County 4 4 Acquired Acreage Overlays with PDC?s Existing Core Niobrara Wattenberg Position (1) Based on an indep endent Ryder Scott engineered reserve analysis with an effe ctive date of 4/1/12 using 12/31/11 year-end SE C flat pricing.6/25/2012