2014 Utica Shale Capital OverviewApproximately $162 million is expected to be invested in the Utica Shale in southeast Ohio to spud 18 horizontal wells, including 8 wells in the Company's northern acreage and 10 wells in its southern acreage. A second drilling rig is expected to be deployed in the second half of 2014. The Utica capital budget includes approximately $30 million to acquire additional contiguous leasehold.
PDC Energy Announces 2014 Capital Budget Of $647 Million And 2014 Production Guidance Of 9.5 Million BOE To 10 Million BOE Or Approximately 34% Year-Over-Year Growth; Solid Production Results From Wattenberg Downspacing Test And Ongoing Utica Development
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