June 08, 2022 18:00 ET | Source: PDC Energy, Inc. PDC Energy, Inc.

DENVER, June 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (“COGCC”) approved the Company’s Kenosha Oil & Gas Development Plan (“OGDP”) permit application. The Kenosha OGDP, which encompasses 69 wells on three pads in rural Weld County, Colorado, marks an important next step as PDC further increases its permitted inventory by another rig year and solidifies drilling and completion activity well into 2024. The Company will soon have over 550 permits and drilled and uncompleted wells (“DUCs”).