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 proceeds of approximately $500 million and $175 million of its convertible senior notes due 2021. Originally, the company had planned
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 includes approximately 57,000 net acres in Reeves and Culberson Counties, Texas, with an average working interest of approximately 93%, according
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 for oil and gas companies as groups that hope to effectively shut down drilling in Colorado collected signatures for two proposed
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. This year the League of American Communications Professionals (LACP) has awarded its Silver Award to EnerCom for the 2015 PDC Energy (ticker: PDCE)
DENVER, May 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that the borrowing base on its revolving credit facility has been re-affirmed at $700 million and that the Company has elected to keep its commitment level at $450 million. Also today, as previously announced, the Company settled its “3.25% Convertible Senior Notes due
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
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,” “we” or “us”) (NASDAQ:PDCE) today reported its 2016 first quarter financial and operating results. 2016 First Quarter Highlights Production of
PDC Energy increases EURs 9% in core assets A number of analyst notes were released following PDC Energy’s (ticker: PDCE) analyst day held in Denver this week discussing the companies impressive metrics. The company said that it has lowered completed well costs 2-4%, allowing the company to continue growing production while simultaneously lowering its projected 2016 capital budget. PDC Energy’s
PDC: increased production, reserves and cash from operations PDC Energy (ticker: PDCE, PDCE.com) released its year-end 2015 and fourth quarter operating and financial results, showing increased reserves, production and cash from operations for the year. According to the company’s press release, production from continuing operations increased 65% to 15.2 million barrels of oil equivalent, or 42,100 barrels of oil equivalent
Estimates Reserve Replacement of 247% Operational execution was the primary takeaway from PDC Energy’s (ticker: PDCE) Q3’15 results, and the progressing development of the company’s Wattenberg assets carried over into its 2015 year-end reserves update. The news release, issued on January 20, 2016, reported proved reserves of 272.8 MMBOE and total 2015 production of 15.4 MMBOE, representing year-over-year increases of
The oil and gas market is approaching the end of 2015—which will no doubt go down as a highly tumultuous year for the industry. In spite of the dive in oil prices, some companies have positioned themselves well for capturing the upside through advantageous acquisitions, reliable takeaway capacity, attractive hedges and low-cost production. Or a combination of factors. Today’s focus
Drilling Program Shifting to Plug-n-Perf Completions PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few in the industry. Only two companies in the coverage universe of Capital One Securities are in position for 35% growth
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