PDC Energy is selling its assets on the Western Slope to concentrate on drilling in Weld County's Wattenberg field and a prospect in Ohio.
The company has signed an agreement to sell its assets in the Piceance and three other Colorado holdings to Denver-based Caerus Oil and Gas for $200 million.
According to the Greeley Tribune (http://tinyurl.com/aver4g5 ), the deal is expected to close before summer.
The company says it wants to diversify from a natural gas company to one with a more balanced portfolio of all liquids.
Energy company selling assets on Western Slope
POSTED: 10:17 AM MST Feb 07, 2013
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