PDC Energy – Page 3 – Oil & Gas 360

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

November 6, 2018

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. This is slightly below expectations, due to constraints in the DJ Basin. PDC reports the Delaware produced above expectations, however,

PDC Energy Presenting at The Oil and Gas Conference

July 20, 2018

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 the Delaware Basin in West Texas. Year-over-year total production increase of 34 percent Q1 Year-over-year oil production increase of 51

PDC Energy Announces New CFO

January 4, 2018

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. PDC noted that David Honeyfield, the previous CFO, did not resign because of disagreements with the company. Prior to joining

EnerCom’s 2017 Conference Breakout Notes: PDC Energy

August 14, 2017

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, in Colorado’s DJ Basin—where it holds approximately 96,000 net acres. The company is also developing new assets in the Delaware

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

June 2, 2017

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 the Wattenberg and approximately 2,600 existing locations there, PDC has built a powerful foundation in Colorado. PDC has identified an additional 1,800

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

April 19, 2017

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. PDCE: a thumbnail PDC started off in Bridgeport, West Virginia, in 1969 as Petroleum Development Corporation. The company was focused on shallow

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

February 2, 2017

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 said the company’s proved reserves at the end of 2016 increased 25% year-over-year, while production increased 44% during the same

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

January 4, 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 Delaware Footprint and Wolfcamp Drilling Inventory with Bolt-on PDC Energy (ticker: PDCE) announced the purchase of 4,500 net acres in

PDC Energy Targeting 40% Production Growth in 2017

December 5, 2016

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 grow production more than 40% year-over-year with a capital budget of $725 million to $775 million. The budget is about 7%

PDC Energy Appoints David Honeyfield CFO

December 1, 2016

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 president and CFO. Honeyfield served as CFO at SM Energy, controller and CAO at Cimarex Energy/Key Production Company, and Senior Audit Manager at Arthur Andersen. Honeyfield holds a BA in

Brookman: A Truly Transformational Quarter for PDC

November 3, 2016

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 both the company’s core Wattenberg and Delaware acreage. Third quarter production increased 39% year-over-year to 65,000 BOEPD, despite a 10%

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

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

October 14, 2016

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 operators feel the area offers good returns, and they’re willing to pay for them. The hunters PDC Energy (ticker: PDCE)

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