In December 2016, PDC Energy made a significant acquisition of assets in the Delaware Basin. As of year-end 2018, we had approximately 50,000 net acres in Reeves and Culberson Counties. Our 2019 drilling is focused primarily on multi-well pads testing Wolfcamp wells in the A or B benches to meet drilling obligations, as well as continuing to test downspacing.

Robust Inventory Potential in the Basin’s ~3,000′ Thick Gross Interval

The Delaware Basin has gross potential pay interval that is around 3,000 feet thick from the top of the Bone Spring and Avalon Shale to the base of the lower Wolfcamp. Our year-end 2018  analysis identified approximately 365  drilling locations with an average lateral length of ~7,900’  in our Eastern and North Central focus areas.  Some of these locations are within untested target zones that may be subject to a higher degree of uncertainty or may depend upon additional delineation and testing.