Energy company selling assets on Western Slope

By The AP
Thursday, February 7, 2013

GREELEY — PDC Energy is selling its assets on the Western Slope to concentrate on drilling in Weld County’s Wattenberg field and a prospect in Ohio.

The company has signed an agreement to sell its assets in the Piceance and three other Colorado holdings to Denver-based Caerus Oil and Gas for $200 million.

According to the Greeley Tribune (http://tinyurl.com/aver4g5 ), the deal is expected to close before summer.

The company says it wants to diversify from a natural gas company to one with a more balanced portfolio of all liquids.