Borrowing Base Redeterminations Kicking into Full Swing Cyclicality in the oil and gas industry is a given. Across the board in today’s commodity price environment, the E&Ps and the OilService companies that provide them with drilling and completion services have worked hard to right-size costs. Management teams will expand and contract their companies’ drilling activity not necessarily by their doing,
Bart Brookman, President and Chief Executive Officer of PDC Energy (NASDAQ: PDCE), presented today at EnerCom’s The Oil & Gas Conference 20®. PDC Energy Inc. is a domestic independent exploration and production company that produces, develops, acquires and explores for crude oil, natural gas and NGLs with primary operations in the Wattenberg Field in Colorado and in the Utica Shale in southeastern Ohio. The Wattenberg
On the final day of EnerCom’s The Oil & Gas Conference®, a number of energy experts shared their insight into energy market opportunities. James Constas, EnerCom Managing Director EnerCom Managing Director James Constas gave a presentation called “Saudi America: the Unexpected Swing Producer.” Constas made the case that three primary factors have determined a cartel’s pricing power: a physical commodity,
With Q2 in the rearview mirror, presenters in the first few days of Enercom’s The Oil & Gas Conference® 20 were smiling and even optimistic about the future prospects for their companies. Completion formulas and directional drilling successes were discussed at length, as were balance sheets, liquidity, redeterminations, type curves, record well economics, reservoir analysis, CapEx allocation for the balance
North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in
JRCO: “One of the Best Multiple/Growth Propositions in Energy” Roughly one month after its 2015 Analyst Day, PDC Energy (ticker: PDCE) released its first quarter results for the fiscal year in a press release on May 7, 2015. The Denver-based E&P reported net income of $17.1 million, or $0.46 per share, compared to a net loss of ($2.1 million) in
Over 25,000 acres of federal forest land auctioned in recent BLM sale In its largest oil and gas lease sale in Colorado since 2008, the Bureau of Land Management (BLM) sold 73 parcels totaling 32,962 acres for $32.1 million last Thursday. The highest per-acre price was for a 1,919-acre parcel in Weld County, sold to Ironhorse Resources for $10,100 per
Wattenberg-Focused E&P Lays Out Plans for 2015 PDC Energy’s (ticker: PDCE) favorite adjective in its 2015 Analyst Day was “resiliency,” as the company applied the term to its balance sheet, operations and its employees throughout the meeting on April 9, 2015. The event, held in New York City, was almost two thousand miles away from its core operations and headquarters
On December 8, 2014, PDC Energy (ticker: PDCE) announced its 2015 capital budget after a profitable Q3’14. For 2015, PDC’s capital budget is approximately $557 million, a decrease of 14% compared to its 2014 expenditures. The company’s budget includes $526 million of development capital and $31 million for lease maintenance, exploration and other expenditures. The company estimates net production volumes
Gsyle Shellum, Chief Financial Officer, Barton Brookman, Senior Vice President of Exploration and Production and Lance Lauck, Senior Vice President of Corporate Development at PDC Energy (PDCE) presented today at EnerCom’s The Oil & Gas Conference® 17. PDC Energy is a domestic independent exploration and production company that acquires, develops, explores and produces natural gas, NGLs and crude oil. The
