PDC Energy Closes Core Delaware Basin Acquisition
December 7, 2016
PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that the Company closed the previously announced Delaware Basin acquisition. Acquisition Highlights Closing price of approximately $1.5 billion, subject to certain post-closing adjustments. Approximately 57,000 net acres in Reeves and Culberson Counties, Texas, subject to ongoing title review. Current net production of ~7,500 Boe/d from 25 horizontal wells with two
