PDC Energy Inc.

DENVER, May 02, 2018 -- PDC Energy Inc. today reported its 2018 first quarter operating and financial results. First Quarter 2018 Highlights Year-over-year total production increase of 34 percent to 8.9 million barrels of oil equivalent or approximately 99,000 Boe per day. Year-over-year oil production increase of 51 percent to 3.8 million barrels , representing 43 percent of total production. Total crude oil, natural gas [...]

DENVER, April 04, 2018 -- PDC Energy Inc. today announced plans to host a conference call to discuss first quarter 2018 results. The Company plans to issue its first quarter 2018 news release after market close on the previous day, followed thereafter by supporting materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Thursday, May 3 [...]

DENVER, Feb. 26, 2018 -- PDC Energy Inc. today reported its 2017 full-year and fourth quarter operating and financial results. 2017 Highlights Year-over-year production increase of 44 percent to 31.8 million barrels of oil equivalent or approximately 87,200 Boe per day with a December exit rate of approximately 97,000 Boe per day. Oil production of 12.9 million barrels , representing 41 percent of total production [...]

DENVER, Feb. 06, 2018 -- PDC Energy Inc. today reported year-end 2017 proved reserves and full-year production. Highlights: Year-end 2017 proved reserves of 452.9 million barrels of oil equivalent , an approximate 33% increase over year-end 2016 proved reserves with estimated all-sources reserve replacement of 450%. Proved reserves of 97.9 MMBoe in the Delaware Basin, an increase of 65.4 MMBoe or 200% from year-end 2016 [...]

DENVER, Jan. 24, 2018 -- PDC Energy Inc. today announced plans to host a conference call to discuss fourth quarter and full-year 2017 results. The Company plans to issue its fourth quarter and full-year 2017 news release after market close on the previous day, followed thereafter by supporting materials. The release and materials will be available on the Company’s website, www.pdce.com. With fourth quarter and [...]

DENVER, Jan. 04, 2018 -- PDC Energy Inc. today announced that it has appointed R. Scott Meyers, the Company’s current Chief Accounting Officer, to the position of Chief Financial Officer, effective immediately. Mr. Meyers will be responsible for financial and treasury functions, as well as other related duties, and he will continue to head the Company’s accounting team. Mr. Meyers has been the Company’s [...]

DENVER, Dec. 21, 2017 -- PDC Energy Inc. today announced its Board of Directors has appointed Christina M. Ibrahim to serve as a Class II director of the Company, effective January 1, 2018. The Board has determined not to appoint Ms. Ibrahim to any committees at this time. Ms. Ibrahim has more than 20 years’ experience in the oil and gas industry, including serving as Executive Vice President, General Counsel and [...]

DENVER, Dec. 11, 2017 -- PDC Energy Inc. today announced its 2018 capital investment budget and production forecast. 2018 Budget Highlights: Year-over-year production growth of approximately 25 percent to an estimated 38 to 42 million barrels of oil equivalent . Oil production to account for approximately 42 percent of total production, representing a year-over-year oil volume increase of approximately 30 percent [...]

PDC Energy today announced the closing of its previously announced offering of $600 million principal amount of 5.75% senior unsecured notes due 2026 . PDC intends to use the net proceeds from the offering to redeem its 7.75% senior notes due 2022, to fund a portion of the purchase price of the previously announced acquisition of certain properties owned by Bayswater Exploration & Production, LLC and certain related [...]

DENVER, Nov. 14, 2017 -- PDC Energy Inc. today announced that it has priced an offering of $600 million aggregate principal amount of 5.75% senior unsecured notes due 2026 . The offering is expected to close on November 29, 2017, subject to customary closing conditions. PDC intends to use the net proceeds from the offering to redeem its 7.75% senior notes due 2022, to fund a portion of the purchase price of the previously [...]