Pacific Energy Development Corp., Danville, Calif., has drilled two wells on its Niobrara holdings in northeastern Colorado.
Pacific Energy Development focuses on shale oil and gas development and production in the US and Asia.
The 16-7-60 1H horizontal well in Weld County reached 6,260 ft total vertical depth with a total measured depth of 10,630 ft.
The Wickstrom 18-2H horizontal well in Morgan County has spudded and is targeted to reach to 6,100 ft total vertical depth with a total measured depth of 14,700 ft.
The company currently has three producing wells on its Niobrara asset, which covers 10,224 gross acres in Weld and Morgan counties.
Pacific Energy’s principle assets include its Niobrara assets in the DJ basin in Colorado, its Eagle Ford asset in McMullen County, Tex., its North Sugar Valley asset in Matagorda County, Tex., and the recently acquired Mississippian asset in the Kansas counties of Comanche, Harper, Barber, and Kiowa.
