PDC announces milestone achievement

PDC Energy, Inc (PDCE), together with Liberty (LBRT) have announced that its operational teams have collectively achieved the milestone of 75.4-hours of continuous plug-and-perf pumping time in the DJ Basin in late January 2022. The operations team completed 4,525 minutes of pumping time with zero non-productive time. Continuous plug-and-perf pumping offers multiple benefits for PDC and the community in which we operate including reduced cost, lower environmental impact, and less time spent on location. During the 75.4 hours, PDC and Liberty completed 72 stages. This achievement resulted in 14% less time spent on location. Additionally, by eliminating idle time on location, we were able to reduce greenhouse gas emissions by 8% compared to another 72-stage period of a similar design.

During operations, the teams utilized the Intelligent Wellhead Systems inVision® Technology Platform, a digital completion technology that introduces plant-style process control to the frac site using a combination of sensors and accumulator valve lock-outs. This data-to-action system enables complex valve management processes for continuous frac operations to be performed safely, consistently, and efficiently.

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