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PDC Energy eyes Ohio exploration play

07/26/2010
PDC Energy, Denver, formerly Petroleum Development Corp., will explore for gas and oil in Late Cambrian Rose Run sand and Early Ordovician Beekmantown carbonate remnants encased in shale in central Ohio.The first two wells are to spud in August 2010, with PDC Energy having 75% working interest and an undisclosed but experienced partner 25%. The pay zones are at 3,500-4,500 ft.The partner, which has been involved in the play since the 1990s, provided 40,000 acres of the pair's current 50,000-acre holding, mainly in Fairfield, Hocking, western Perry, and southern Licking counties (see map, OGJ, Jan. 23, 1995, p. 61).The seismic-dependent play has produced 375 bcf of natural gas equivalent, ...
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