Post Tagged with: "PDC Energy"

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

Rystad Energy


US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of …

Source: CNBC

Six US oil firms are expected to shut 300,000 barrels per day of production in May and June

CNBC


U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world’s number one oil producer.

 

Six major U.S. shale producers are expected …

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

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.

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

In order …

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

Source: PDC Energy

PDC Energy to Acquire SRC Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion
PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a

Source: PDC Energy

All Three PDC Energy Incumbents Win Board Seats

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Kimmeridge’s candidates defeated, ending months-long battle
PDC Energy, Inc., following its 2019 annual meeting of stockholders, announced today that CEO Barton Brookman, and directors Mark Ellis and Larry Mazza, all

Activism: PDC Energy Files Presentation to Set the Record Straight

Activism: PDC Energy Files Presentation to Set the Record Straight

PDC Energy Files Presentation to Set the Record Straight

Activist Takes Aim at Shale-Company CEO’s Pay

Activist Takes Aim at Shale-Company CEO’s Pay

From The Wall Street Journal

A shareholder activist will challenge PDC Energy Inc. in an effort to change the way the oil producer pays its executives, part of a broader push by investors to force U.S. energy producers to focus …

PDC Emphasizes Cash Flow in Executive Compensation

PDC Emphasizes Cash Flow in Executive Compensation

New comp plan is based on cash flow per debt-adjusted share, free cash flow as a percent of total capital investment, capital efficiency, LOE and G&A per BOE and production
By Richard Rostad, analyst, Oil & Gas 360

PDC Energy

PDC Energy Issues Statement Responding to Schedule 13D Filing by Kimmeridge Energy Management

PDC Energy Issues Statement Responding to Schedule 13D Filing by Kimmeridge Energy Management

PDC Energy Issues Statement

February 22, 2019 - 9:15 am Closing Bell Story‎, Corporate Governance, Press Releases
PDC Plans Free Cash in 2019 At $50 Oil

PDC Plans Free Cash in 2019 At $50 Oil

CapEx down 15%, production up 20%
By Richard Rostad, analyst, Oil & Gas 360

PDC Energy (ticker: PDCE) announced 2019 guidance today, outlining the company’s transition from aggressive growth to a more moderate posture.

PDC plans to spend about $840

PDC Energy Names New General Counsel

PDC Energy Names New General Counsel

PDC Energy Appoints New General Counsel

Northern Delaware Basin Operations 

From Concho.com

PDC: Prop 112 Would Not Affect 2019 Plans, After That Impact Would Be “Dramatic”

Midstream constraints impact DJ results
PDC Energy (ticker: PDCE) announced third quarter results today, showing net losses of $3.4 million, or ($0.05) per share.

PDC produced about 110 MBOEPD in Q3, up 21% from last year and up 6% sequentially.

PDC Energy Presenting at The Oil and Gas Conference

PDC Energy Presenting at The Oil and Gas Conference

PDC Energy, Inc. (NASDAQ: PDCE)

Company Overview

PDC Energy is an E&P company headquartered in Denver, Colorado focused on horizontal drilling programs and bolt-on acquisitions in its core areas. Its assets are located in the Wattenberg Field in Colorado and …

July 20, 2018 - 12:17 pm Closing Bell Story‎, TOGC23
PDC Energy Announces New CFO

PDC Energy Announces New CFO

PDC Energy, Inc. (ticker: PDCE) has appointed R. Scott Meyers, previously the company’s  chief accounting officer, to the chief financial officer position.

Meyers has been with the company since 2009. He was appointed CFO concurrently with the previous CFO’s resignation. …

EnerCom’s 2017 Conference Breakout Notes: PDC Energy

EnerCom’s 2017 Conference Breakout Notes: PDC Energy

PDC Energy Breakout Notes

Barton R. Brookman, Jr., president and CEO of PDC Energy Inc. (ticker: PDCE) presented today at EnerCom’s The Oil & Gas Conference® 22.

PDC Energy’s core production is sourced from its acreage in the Watteberg Field, …

PDC Energy: Core Wattenberg Strong, Plenty of Upside in the Delaware

PDC Energy: Core Wattenberg Strong, Plenty of Upside in the Delaware

PDC: core strength in the core Wattenberg

PDC Energy (ticker: PDCE) has a strong position in the Wattenberg field in the D-J basin, and it’s looking to further develop its acreage in the Delaware Basin.

With 95,500 net acres in …

PDC Energy (ticker: PDCE) CEO Bart Brookman rang the Nasdaq opening bell today in celebration of PDC’s 40 years trading on Nasdaq.

PDC Energy Celebrates 40 Years on Nasdaq

PDC Energy Celebrates 40 Years on Nasdaq

PDC Energy (ticker: PDCE) CEO Bart Brookman rang the Nasdaq opening bell today in celebration of PDC’s 40 years trading on Nasdaq. The company had numerous executives on site for the occasion at the Nasdaq MarketSite in Times Square.

PDC Energy Celebrates 40 Years on Nasdaq

PDCE:

PDC Energy Tallies 25% Reserves Growth, 44% Production Growth in 2016

PDC Energy Tallies 25% Reserves Growth, 44% Production Growth in 2016

PDC Energy year-end proved reserves reach 341.4 MMBOE, $1.7 Billion PV-10, up 25% from 2015

Denver-based PDC Energy (ticker: PDCE) released an update on the company’s year-end production estimates and reserves. The press release put out by the company Wednesday …

E&P A&D Roundup: PDC, Whiting, and Rex Energy Kick Off 2017

E&P A&D Roundup: PDC, Whiting, and Rex Energy Kick Off 2017

Deals: PDC Energy (ticker: PDCE), Whiting Petroleum (ticker: WLL) and Rex Energy (ticker: REXX)

With the holiday season over and the turkey more or less digested, it’s back to deal making in the oil and gas patch.

PDC Strengthens Core

PDC Energy Targeting 40% Production Growth in 2017

PDC Energy Targeting 40% Production Growth in 2017

PDC Energy 2017 capital budget and growth both exceed analyst expectations

Denver-based PDC Energy (ticker: PDCE) announced its capital budget and production plans for 2017 on Monday exceeding analyst expectations. According to the company’s press release, PDC plans to …

PDC Energy Appoints David Honeyfield CFO

PDC Energy Appoints David Honeyfield CFO

PDC Energy, Inc. (ticker: PDCE) has appointed David Honeyfield its chief financial officer effective December 19, 2016.

David Honeyfield was previously CFO for Jonah Energy in Denver.  His previous experience includes six years at Intrepid Potash, where he served as …

Brookman: A Truly Transformational Quarter for PDC

Brookman: A Truly Transformational Quarter for PDC

PDC: Ready to Integrate and Develop Permian Assets in 2017

PDC (ticker: PDCE) CEO Bart Brookman summarized Q3 as a “terrific” quarter for PDC on its 3Q earnings call today.

Brookman called for increased production and activity going forward in …

Hunters and Gatherers in the Hottest Oil Play in the U.S.

Hunters and Gatherers in the Hottest Oil Play in the U.S.

The Delaware Basin is becoming an increasingly attractive asset, but takeaway could become an issue

The Delaware Basin has become an extremely sought after asset since the decline of oil prices that began in 2014. Even at $50 oil, many …

October 14, 2016 - 5:13 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
PDC Energy Upsizes Offering to Fund $1.5 Billion Delaware Basin Entrance

PDC Energy Upsizes Offering to Fund $1.5 Billion Delaware Basin Entrance

PDC Energy expects gross proceeds of $675 million to help fund a portion of its Delaware Basin acquisition

PDC Energy (ticker: PDCE) announced Thursday that it upsized its public offering to 7.9 million shares of common stock for total gross …

PDC Energy Leaps into the Delaware Basin with $1.5 Billion Deal

PDC Energy Leaps into the Delaware Basin with $1.5 Billion Deal

PDC expands inventory life by at least 15 years with Delaware acquisitions

Denver-based PDC Energy (ticker: PDC) announced a $1.5 billion acquisition of two privately held companies with acreage in the core of the Delaware Basin.

The privately negotiated transaction …

PDC Energy’s Q2 Call:  We Will Stave Off Colorado Anti-Frac Amendment

PDC Energy’s Q2 Call: We Will Stave Off Colorado Anti-Frac Amendment

Wattenberg power player PDC is confident ballot initiatives will not reach the number of signatures required for certification

Colorado ballot initiatives No. 75 (local control over oil and gas) and No. 78 (mandatory 2,500-foot setback) have been a major concern …

EnerCom Receives Awards for PDC Energy and Whiting Petroleum 2015 Annual Reports

EnerCom Receives Awards for PDC Energy and Whiting Petroleum 2015 Annual Reports

Since its founding in 1994, EnerCom has written, designed and managed the production of more than 200 Annual Reports for public oil and gas companies, balancing cutting-edge graphic design with diligent project management – from initial concept meeting to shipping.…

July 19, 2016 - 10:43 am 360 Profile Member, Closing Bell Story‎
Design Elements, Metallic Inks, Photography Highlight 2015 Oil & Gas Company Annual Reports

Design Elements, Metallic Inks, Photography Highlight 2015 Oil & Gas Company Annual Reports

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 …

PDC Energy Reports 2016 First Quarter Financial and Operating Results

PDC Energy Reports 2016 First Quarter Financial and Operating Results

PDC Energy Reports 2016 First Quarter Financial and Operating Results; Production Increase of 58% to 4.6 Million Barrels of Oil Equivalent

 Read the conference call transcript here.

DENVER, May 06, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC”, the “Company,”