Production for the second quarter of 2013 increased 34% to 18,100 Boe/d, from 13,500 Boe/d in the second quarter of last year. The increase in production, which was achieved despite ongoing midstream constraints in the Wattenberg Field, was primarily due to continued successful horizontal drilling and a 2012 asset acquisition in the Wattenberg Field.Crude oil, natural gas and NGLs sales revenues were $78 million compared to $51 million in the second quarter of 2012. The average realized sales price was $47.10 per Boe for the second quarter of this year, compared to $41.73 per Boe for the second quarter of 2012, in each case excluding net realized gains on derivatives.
PDC Energy Announces 2013 Second Quarter Results; Production From Continuing Operations Up 34%; Production Mix 54% Liquids; Wattenberg Production Increased 40%
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