DENVER, February 19, 2015 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today reported its 2014 year-end and fourth quarter financial and operating results from continuing operations. The Company also announced a reduction of its 2015 capital budget to $473 million from the previously announced $557 million. The Company maintains its 50% production growth guidance, driven by its five rig [...]
DENVER, February 2, 2015 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced plans to host a conference call with investors to discuss fourth quarter and year-end 2014 results. Conference call materials will be available on the Company's website, www.pdce.com, at the time of the call. Conference Call and Webcast: Date/Time: Thursday, February 19, 2015, 11:00 a.m. ET Webcast [...]
DENVER, January 28, 2015 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today reported year-end 2014 reserves and production. 2014 Proved Reserves ("1P") PDC's total proved reserves as of December 31, 2014 increased 11% to 250 million barrels of oil equivalent ("MMBoe"), compared to 226 MMBoe reported as of December 31, 2013, after adjusting for the subsequent divestiture of its [...]
DENVER, December 8, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today announced its capital budget and production guidance for 2015. 2015 Capital Budget and Production Guidance PDC's capital budget for 2015 is approximately $557 million, a decrease of 14% compared to its 2014 capital budget. The Company's 2015 budget includes $526 million of development capital and $31 [...]
DENVER, Nov. 6, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today reported its 2014 third quarter financial and operating results. Highlights of 2014 Third Quarter Compared to 2013 Third Quarter Increased production 57% to 29,400 barrels of oil equivalent per day ("Boe/d") from all operations. Increased production 60% to 25,600 Boe/d from Wattenberg and Utica (continuing [...]
DENVER, October 15, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today announced that it closed the sale of its fifty percent interest in PDC Mountaineer LLC ("PDCM"), a Marcellus Joint Venture (the "JV") for $250 million. PDC's net pre-tax proceeds were approximately $190 million after repayment of its share of JV debt and other working capital and other adjustments and [...]
DENVER, October 7, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced plans to host a conference call with investors to discuss third quarter 2014 results. Conference call materials will be available on the Company's website, www.pdce.com, at the time of the call. Conference Call and Webcast: Date/Time: Thursday, November 6, 2014, 11:00 a.m. ET ...
DENVER, September 19, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today announced that it executed a binding agreement in principle to settle the securities class action pending against the Company and its wholly-owned merger subsidiary regarding the acquisition of certain partnerships in 2010 and 2011. This class action, which was brought on behalf of a class of certain [...]
DENVER, August 8, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC," the "Company," "we" or "us") (Nasdaq:PDCE) today reported its 2014 second quarter financial and operating results from continuing operations. 2014 Second Quarter Highlights Compared to 2013 Second Quarter Increased production 64% to 29,700 barrels of oil equivalent per day ("Boe/d"). Increased crude oil and natural gas liquids ("NGLs") production 66 [...]
DENVER, July 30, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it agreed to sell its fifty percent interest in PDC Mountaineer LLC ("PDCM"), a Marcellus Joint Venture ("JV"), to Mountaineer Keystone Energy, LLC for approximately $250 million subject to certain purchase price adjustments. PDC's net pre-tax proceeds from the sale, after its share of JV debt repayment [...]
DENVER, July 1, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced plans to host a conference call with investors to discuss second quarter 2014 results. Conference call materials will be available on the Company's website, www.pdce.com, at the time of the call. Conference Call and Webcast: Date/Time: Friday, August 8, 2014, 11:00 a.m. ET ...
DENVER, June 18, 2014 (GLOBE NEWSWIRE) -- PDC Energy Inc. ("PDC" or the "Company") (Nasdaq:PDCE) announced today that James M. Trimble, President and Chief Executive Officer (CEO), will step down and return to his previously held Board of Directors role in January 2015. He will be succeeded as President and CEO by Barton Brookman. Mr. Brookman will be appointed President effective immediately. He has been with the Company [...]