Email
Print 
Bookmark
PDC Energy, Inc. has completed its acquisition of SRC Energy Inc.
The deal was valued at approximately $1.7 billion, including SRC's net debt of approximately $685 million.
The deal was approved by PDC stockholders and SRC shareholders at special meetings held on January 13, 2020.
Bart Brookman, President and Chief Executive Officer of PDC stated "Today is a pivotal day for PDC as we have completed the merger of these two companies, both of which are grounded in strong core values and a shared commitment to responsible and safe operations. This merger will give the combined company incredible financial strength and flexibility, highlighted by low leverage and an industry-leading cost structure, as well as a business plan capable of delivering sustainable free cash flow to return significant capital to shareholders."
Related Categories :
Deals - Deal Close
More Deals - Deal Close News
-
Vermillion Closes Saskatchewan Asset Sale
-
Ring Energy Finalizes Acquisition of Stronghold Energy II
-
Centennial, Colgate Finalize $3.9B Merger; Debut as Permian Resources Corp.
-
Diamondback Seals Rattler Midstream Deal; Takes Company Private
-
Riverbend Finalizes $1.8B Sale of Portfolio Companies
Rockies News >>>
-
SM Energy Hits Record Output; Driven by Uinta
-
Large Cap E&P To Reduce Drilling & Completion Activity in 2026 -
-
Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown -
-
Halliburton Warns of Deepening U.S. Frac Slowdown -
-
Oilfield Service Report : 13 New Leads/Company Formation & Contacts YTD
Rockies - DJ Basin News >>>
-
PE Firm Seeds Four New E&P Startups in Strategic Push In 2025 -
-
Schlumberger Shows Steady Resilience Amid Market Volatility -
-
Civitas Provides Update on Current Rigs & Frac Crews -
-
IOG forms Partnership with PE-Firm First Reverse To Fund DrillCo's -
-
Intel Bits : E&P Operators Cut Frac Crews/ Rigs For Remainder of 2025; A Detailed Look
