about chevron in colorado safely and responsibly developing the energy that improves lives and powers colorado forward
in the annual report stockholder letter
In Colorado, we use technology and innovation to protect the environment and develop the lower-carbon energy Coloradans need safely and responsibly.
With regional headquarters in Denver, Chevron’s oil and natural gas operations are in the Denver-Julesburg (DJ) Basin – a large geological formation in northeastern Colorado and southeastern Wyoming. Our focus is the liquids-rich area within Weld County, where we have access to approximately 600,000 net acres.
Our presence in the region was expanded through the acquisition of PDC Energy Inc., which includes 275,000 net acres in the DJ Basin.
We estimate production to reach approximately 400,000 barrels of oil equivalent per day through the acquisition.
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