The
Nasdaq-listed
independent
said
the
acquisition
from
a
private
party
was
expected
to
close
at
the
end
of
June
subject
to
customary
conditions.
The
assets,
mostly
in
the
Weld
and
Adams
counties
of
Colorado,
currently
produce
around
2800
net
equivalent
barrels
from
from
around
700
wells
producing
primarily
from
the
Niobrara
and
Codell
formations,
the
explorer
said.
PDC
Energy
said
the
assets’
location
on
home
turf
would
likely
yield
“operational,
midstream
and
marketing
synergies”.
The
acquisition
takes
the
company’s
combined
Wattenberg
holdings
to
109,000
net
acres
with
546
gross
potential
horizontal
Niobrara
drilling
locations.
The…
