PDC Energy and Sanchez Energy Annual Reports

PDC Energy (ticker: PDCE) is a 42,000 BOEPD producer whose operations are primarily focused on the Wattenberg field in Northern Colorado’s DJ basin. PDC wanted to focus its Annual Report message on three key strengths in 2015 that would take the company through 2016—its resilient asset base, experienced management teams and strong balance sheet.

To design and produce the company’s 2015 Annual Report to Shareholders, PDC engaged EnerCom Consulting. The EnerCom design team created a set of subtle thematic elements that served to highlight those strengths across the color feature section that wraps the company’s 2015 10-K.

PDC Energy 2015 Annual Report Cover

PDC Energy 2015 Annual Report produced by EnerCom Inc.

Using bright metallic inks on a light gray, mountain-themed background, EnerCom’s designers created an custom illustration that carried from front cover to back cover, and employed a subtle geometric design element to pinpoint PDC’s focus on its three company pillars. The goal for the 2015 PDC Annual Report was to effectively illustrate that PDC is an enduring, steadfast company.

Reflective gold ink for PDC’s impressive 2015 operating results highlight the left margin on the inside front cover: 1.4x debt to EDITDAX in 2015, 42,100 BOEPD production, 65% year-over-year production increase in 2015, 273 million BOE year-end proved reserves and a 74% year-over-year increase in cash flow from operations. During a year when so many highly-levered energy companies struggled through bank redeterminations, asset sales, dwindling reserve bases and, for some, even bankruptcy, PDC leaned on strong performance from its strong operations teams, a powerful, focused asset base and its strong balance sheet.

PDC President and CEO Bart Brookman and PDC Chairman Jeff Swoveland said it succinctly in their letter to shareholders and tell the tale of strong management teams steering a steady operational course marked by significant growth in production and cash flow from operations during a very difficult year for the industry.

On page 4 of the color highlight section, the company outlines its asset base – its 96,000 net acres in the core Wattenberg field, representing 93% of PDC’s 2015 production and 95% of 2015’s proved reserves; and its 65,000 net acres in the Utica shale where it has begun to drill and compile technical data in testing well orientation and 10,000-foot laterals.

Sanchez Energy: Built to Prosper

The EnerCom team was also hired to produce the Sanchez Energy (ticker: SN) 2015 Annual Report, with the theme “Built to Prosper.”

A color spread across the inside cover and page one, bring 2015 highlights into view adjacent to a map showing the company’s focus on the Eagle Ford shale, where it has 200,000 net acres, and the TMS. The shareholder letter by Tony Sanchez III, CEO, highlights Sanchez’s strong financial position, asset base, best-in-class cost structure and competitive strengths, closes with the “Built to Prosper” theme.

Sanchez Energy 2015 Annual Report Cover

Sanchez Energy 2015 Annual Report produced by EnerCom Inc.

In the letter, a callout quote makes the clear point: “We will maintain current production levels during 2016 even after reducing our 2016 CAPEX budget by 59%.”


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