PDC Energy sells Utica shale acreage for $40 million

PDC Energy Inc. has entered into an agreement to sell 43,000 net acres in the Utica shale play for $40 million to an undisclosed buyer, with the transaction to close by the end of March 2018, according to Marcellus Drilling News. The news site says PDC had previously announced it was selling its Utica assets to concentrate on the Wattenburg Field in Colorado and Delaware Basin in Texas and New Mexico. Click here to read more.

National, Ohio