PDC Energy Adds Inventory with $1.3 Billion Core Wattenberg Acquisition

Transaction Type
Basin
D-J Basin; Wattenberg Field; Niobrara Shale
Announce Date
Post Date
Close Date
Estimated Price
$1,300.0MM
Description

Acquired the privately held D-J Basin operator owned by affiliates of EIG, TPG Energy Solutions LP and The Broe Group; includes 54,000 net acres in the Wattenberg primarily in Adams County, CO, about 55,000 boe/d (42% oil / 67% liquids) of PDP and 315 operated locations.