Exploration of a vast northern Colorado oil and gas field that includes six counties is expected to get underway next year for a Denver-based energy company that plans to spend around $480 million in the effort.
PDC Energy Incorporated says it will focus its efforts in the coming year on the vast Wattenberg Field that takes in the counties of Adams, Boulder, Broomfield, Denver, and Weld.
The Wattenberg Field, discovered in 1970, altogether covers more than 2,000 square miles and is today the home to more than 20,000 wells – up from 6,800 wells in the mid-1990s.
PDC Energy’s plans call for building over 130 news wells.
In addition to its Colorado work, the independent natural oil and gas company also plans to spend up to $1 million on projects in the New Mexico and Texas-based Delaware Basin.
