D-J Basin Asset

Wattenberg, Wattenberg Extension and Colorado Mineral Belt
Weld and Morgan Counties, Colorado
The Niobrara-DJ Basin is a crude oil and liquids rich gas play that is located in Northeast Colorado and Southeast Wyoming. Our Denver-Julesburg (D-J) Basin Asset is situated in the heart of Wattenberg, Wattenberg Extension and Colorado Mineral Belt in Weld and Morgan Counties, Colorado, a prime drilling location with strong presence of key operators, including Synergy, Bonanza Creek, and Carrizo.

PED holds 16,000 net acres and serves as the operator through its subsidiary Red Hawk Petroleum.

As one of the leading low-cost operators in the basin, we focus on drilling efficiency and highly-economically operations to drive bottomline profitability. More details can be found in our investor presentation.

Investor Presentation


Location of PED's D-J Basin Asset in the Wattenberg, Wattenberg Extension and Colorado Mineral Belt and its surrounding activities

Location 16,000 net acres in the Wattenberg, Wattenberg Extension and Colorado Mineral Belt in the D-J Basin
Operator Red Hawk Petroleum, a wholly-owned subsidiary of PED
Development Status 61 producing wells (14 operated wells, 25 non-operated wells and 22 after-payout wells)


About the D-J Basin




The Niobrara-DJ Basin is a crude oil and liquids rich gas play that is located in Northeast Colorado and Southeast Wyoming. The Niobrara is located in several areas of the Rocky Mountains, including the Powder River in Wyoming and in parts of Northwest Colorado. The portion that lies within the DJ Basin is a combination shale/marl/chalk/sandstone formation that lies at depths 5500’-8500’, and is comprised of three separate zones, or “benches:” the A, B, and C benches. Just below the C bench sits the Codell tight sands formation, which is more of an emerging natural gas play, but is also garnering the interest of operators, especially those who are able to drill commingled Niobrara and Codell wells.
Read more (external link)



Niobrara Stratigraphy


Drilling Productivity Report
on the Niobrara Region - By EIA