PDC Energy announces approval of Broe Oil and gas development plan permit

At PDC Energy, they announced that the Colorado Oil and Gas Conservation Commission (COGCC) had approved the Broe Oil and Gas Development Plan (OGDP) permit. The latter covers 30 wells in rural Weld County, Colorado.

Broe Oil and Gas Development

Great Western Petroleum was the original founder of OGDP, and was later acquired in May 2022 by PDC. In Great Western, the first approval of OGDP by PDC was represented. In conjunction with the OGDP approval for Kenosha, the company could add 99 new wells to its inventory in June. It will soon have more than 675 drilled and unfinished wells and permits.

Broe is the second PDC OGDP to receive unanimous approval this month and the third approval within the last 12 months. David Lillo, Senior Vice President of Operations, commented, “I would first like to thank our team at PDC. Also the leadership and staff at the COGCC, with whom we have established a great working relationship. Our integration of the Great Western assets continues to go well, as is evident from this approval.”
“We look forward to continuing this track record with our Guanella Comprehensive Area Plan and future OGDPs. Operationally, the new permits add to an already-established multi-year inventory of projects in the DJ Basin. Giving us good visibility well into 2024 at current activity levels.”

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Jeff Robbins, Chair of the COGCC commented during the approval hearing, “As with the Kenosha application that we recently reviewed, I think this is an excellent example of protective permitting under Colorado’s Oil and Gas Development rules.

These remarks echo the commendation made by the Chair during PDC’s Kenosha hearing. There Robbins noted, “I want to applaud PDC for the good work that went into this application. I think that this application is indicative of how an operator can use the rules and regulations that have been developed in a protective manner. And in a manner that is consistent with what we were shooting for when we developed the regulations.”

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