PDC Energy recorded an increase of 9.5% in total oil and gas production to 2,48,216.04 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of PDC Energy grew 6.2% in April 2020 from 2,33,734.31 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production increased by 4.92% from the same period in 2019.
The company’s oil production grew 12.89% to 89,350.32 bd in April 2020 from the previous month, while gas production up by 7.95% to 844.25 mmcf/d. On a YTD basis, oil production decreased by 15.71% in 2020 when compared with the same period in 2019, while gas production rose by 20.77%. Out of the total oil and gas production in April 2020, oil production held a 36% share, while gas production held a 58.64% share.
Looking at the states where PDC Energy recorded the highest oil and gas production in April 2020, Colorado figured at the top, accounting for an 18.54% share. The company produced 2,09,396.16 boe/d in the state in April 2020, an increase of 11.34% from the previous month.
On a YTD basis, the company produced 7,88,573.35 boe/d in Colorado in 2020, recording a decrease of 11.74% from the same period in 2019.
PDC Energy witnessed the highest oil and gas production in Weld county in April 2020. Out of all the counties, Weld county held a share of 84.36% for the firm. The company produced 2,09,395.58 boe/d in Weld county in April 2020, an increase of 11.34% in production when compared with the previous month.
On a YTD basis, the county produced 7,88,572.22 boe/d for the company in 2020, a 2.89% increase from the same period in 2019.
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.