PDC Energy received approval for its Broe Oil and Gas Development Plan permit, making it the third permit approval for the company in Weld County, Colo., in the past 12 months. (Source: Rexjaymes / Shutterstock.com)
The Colorado Oil and Gas Conservation Commission approved PDC Energy Inc.'s Broe Oil and Gas Development Plan (OGDP) permit, according to a press release on June 29.
Initiated by Great Western Petroleum LLC before its acquisition by PDC in May 2022, the permit encompasses 30 wells in Weld County, Colo., and is the company's first OGDP approval on Great Western acreage.
Earlier this month, PDC's Kenosha OGDP was approved also in Weld County, following its Spinney OGDP approval in October 2021. Between the Kenosha and Broe permit approvals, the company added a combined 99 new wells to its inventory this month and is expected to soon have over 675 permits and DUCs.
"Broe is the second PDC OGDP to receive unanimous approval this month and third approval within the last 12 months," PDC senior vice president of operations David Lillo said in the release. "Our integration of the Great Western assets continues to go well as is evident from this approval."
Moving forward, PDC intends on continuing its streak of permit approvals with its proposed Guanella Comprehensive Area Plan to develop 33,427 acres in Weld County, drilling at 25 surface locations with 466 wells spaced out throughout a decade, the company website stated.
"We look forward to continuing this track record with our Guanella Comprehensive Area Plan and future OGDPs," Lillo continued. "Operationally, the new permits add to an already-established multi-year inventory of projects in the D-J [Denver-Julesburg] Basin, giving us good visibility well into 2024 at current activity levels.”
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