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PDC Energy Co
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BMO Capital Markets Conference 9th Annual Unconventional Resource Conference
| Peter Schreck | Page 9 of 11 |
June 09, 2026
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"BMO Capital Markets Conference 9th Annual Unconventional Resource Conference"
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Utica Shale Play ?Southeast Ohio?Acquired over 40,000 net acres in Noble, Monroe, Washington, Morgan, Belmont and Guernsey counties for $70 million?$14 million requirement in Q4 2011 ?$56 million requirement in 2012 after title confirmation ?Average price of $1,750/acre?Targets wet gas and oil windows of play ?100% PDC operated; 80% held by production ?TD?edfirst vertical well in mid-December; two horizontal shale wells scheduled in 2012, with an option for two additional vertical wells in 2012 ?Pursuing additional acreage to increase total net leasehold to estimated 80,000 to 100,000 net acres by year-end 2012?Seeking industry JV partner9 1/10/2012 PDC Hickenbottom#1