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PDC Energy suspends some production in Colorado' s Wattenberg field

DENVER -- PDC Energy, Inc. has suspended production from a limited number of wells in its Wattenberg field operations. The suspension, which began on Friday, is due to wide-spread flooding and extensive road closures in Weld County, Colorado. The Company expects to return the majority of suspended wells to production this week.

"As our first concern was for the safety of our employees in the field and to minimize any impact to the environment, we elected to shut-in production sites before they became inaccessible due to road closures and flood conditions. Beginning today we are assessing impacts to individual well sites and expect a full assessment as the flood waters recede this week. We plan to access the well sites using alternate routes around impacted roads and bridges and anticipate the majority of the impacts to operations will be short-term," said James Trimble, CEO.

"We know there are many families, including some of our employees, in Weld and surrounding counties who have been impacted by the flooding. We are supporting local flood relief efforts," Mr. Trimble said.

PDC operates approximately 2,300 vertical and 80 horizontal wells in the Wattenberg Field. The Company does not expect any significant drilling or completion delays including ongoing activities at its Waste Management pads.

09/17/2013

 

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