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December 7, 2021

DJ Basin Unconventional (Petroleum Development Corporation) CO Unconventional Oil Field, US

By Carmen

DJ Basin Unconventional (Petroleum Development Corporation) CO is a producing unconventional oil field located onshore the US and is operated by PDC Energy.

Field participation details

The field is owned by PDC Energy.


Production from DJ Basin Unconventional (Petroleum Development Corporation) CO

The DJ Basin Unconventional (Petroleum Development Corporation) CO unconventional oil field recovered 30.83% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 75.85 thousand bpd of crude oil and condensate, 451 Mmcfd of natural gas and 46.01 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 535.99 Mmboe, comprised of 209.8 Mmbbl of crude oil & condensate, 1,216.02 bcf of natural gas reserves and 123.52 Mmbbl of natural gas liquid reserves. DJ Basin Unconventional (Petroleum Development Corporation) CO unconventional oil field reserves accounts 0.58% of total remaining reserves of producing unconventional oil fields globally.


About PDC Energy

PDC Energy Inc (PDC Energy) is an oil and gas company. It is involved in production, development, exploration and marketing of crude oil, natural gas and natural gas liquids. The company provides horizontal drilling and low-risk organic development of oil and natural gas reserves from shales and tight reservoir rocks. It owns and operates interests in gross productive wells. The company also offers Codell development in the liquid-rich Wattenberg fields. PDC Energy transports natural gas and crude oil through pipelines. It operating areas includes Wattenberg Field in Colorado and the Delaware Basin in West Texas. PDC Energy is headquartered in Denver, Colorado, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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