Energy company selling assets on Western Slope

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.



COMMENTS

Commenting is not available in this channel entry.




Search More Jobs






THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050
Editions
Subscribe to print edition
E-edition
Advertisers
Sign in to your account
Information

© 2014 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy