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PDC Energy announces supplementary update to 2020 plan including reduced operating activity and incremental cost saving initiatives- oil and gas 360

PDC Energy announces supplementary update to 2020 plan including reduced operating activity and incremental cost saving initiatives

PDC Energy DENVER, April 14, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today a supplemental update to its 2020 operating plan along with changes to its 2020 guidance and 2021 outlook. In order to preserve its balance sheet strength, liquidity and ability to generate meaningful free cash flow(1), PDC plans to reduce its expected 2020 capital investments

U.S. negotiating contracts to store 23 million bbls of oil in SPR- oil and gas 360

U.S. negotiating contracts to store 23 million bbls of oil in SPR

Reuters WASHINGTON – The U.S. Energy Department said on Tuesday it is negotiating contracts with nine energy companies to store about 23 million barrels of domestically produced oil in the country’s emergency crude reserve. The department initiated a plan to lease space to companies in the Strategic Petroleum Reserve, or SPR, as a way to help companies suffering from the