PDC Energy may take another look at drilling in Ohio

Denver-based PDC Energy Inc. may bring back a drilling rig sooner than expected to Ohio’s Utica shale play, reports Columbus Business First.  PDC suspended its Ohio drilling operations in December 2014 because it saw better economics in the Wattenberg shale field in Colorado. But Business First says the company recently told analysts that its Dynamite well pad in Guernsey County, Ohio is outperforming cost and production projections and indicated PDC could look at drilling in Ohio again if the price of oil climbs to the mid- to high $60-a-barrel range. For more, read the full story.
 

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