Operator · Utica Shale
PDC Energy, Inc.
80 articles mentioning PDC Energy, Inc. · Page 1 of 4
PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $520 million and oil and...
PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin
PDC Energy, Inc. announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guidance. 2022 Fourth Quarter Highlights: Total production of 22.7 million barrels of oil equivalent ("MMBoe") or approximately 247,000...
PDC Energy Third Quarter 2022 Results
PDC Energy, Inc. announced its 2022 third quarter financial and operating results. 2022 Third Quarter Highlights: Net cash from operating activities of approximately $850 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below,...
PDC Energy Second Quarter 2022 Results
PDC Energy, Inc. announced its 2022 second quarter financial and operating results, and provided second half 2022 guidance. The company also announced receiving Completeness Determination on the Guanella Comprehensive Area Plan (CAP) application. CAP Application On...
PDC Energy's 69-Well Kenosha Project Approved by COGCC
PDC Energy Inc. reported that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Company's Kenosha Oil & Gas Development Plan (OGDP) permit application. The Kenosha OGDP, which encompasses 69 wells on three pads in...
2022 Guidance Growth: Several Operators Bolster Capex, Production Outlook
In response to the skyrocketing oil demand and D&C activity seen in 1Q22, several E&Ps have added additional capital to their 2022 budgets. A few E&Ps have also adjusted production guidance expectations or drilling plans, increasing...
PDC Updates Budget Following Great Western Deal; Adds $50MM
PDC Energy Inc. updated its 2022 guidance after closing the Great Western Petroleum acquisition earlier this month along with its updated multi-year outlook. 2022 Guidance Update The Company's 2022 projected free cash flow yield is estimated...
PDC Energy Seals $1.3B Acquisition of Great Western Petroleum
PDC Energy Inc. has completed its acquisition of Great Western Petroleum, LLC, a privately held company based in Denver. The acquisition was previously announced on February 28, 2022. The consideration paid was $543 million (less $50...
PDC Energy First Quarter 2022 Results
PDC Energy, Inc. announced its 2022 first quarter financial and operating results. 2022 First Quarter Highlights: Net cash from operating activities of approximately $489 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below,...
PDC Energy Outlines 2022 Plan (Pre & Pro-Forma Acquisition); Plans 140 Completions
PDC Energy detailed its 2022 capital plan and guidance. The company also provided a pro forma guidance which will be in effect upon the closing of its acquisition of Great Western Petroleum in 2Q22. 2022 Plan...
PDC Energy Fourth Quarter, Full Year 2021 Results
PDC Energy, Inc. reported its fourth quarter and full year 2021 results. 2021 Fourth Quarter and Year-End Results In the fourth quarter of 2021, PDC generated approximately $340 million of FCF and reduced total debt by...
PDC Energy Adds New Director to Board
PDC Energy Inc. has appointed Pamela R. Butcher to its board of directors on February 2, 2022. About Butcher: Ms. Butcher brings nearly 40 years of leadership experience in the chemical industry, most recently as CEO,...
PDC Energy Third Quarter 2021 Results
PDC Energy, Inc. announced its 2021 third quarter financial and operating results, increased its anticipated adjusted free cash flow expectations and amount of targeted shareholder returns in 2021. Third Quarter Company Highlights: Net cash from operating...
PDC Energy Second Quarter 2021 Results
PDC Energy Inc. reported its Q2 2021 results. 2021 Second Quarter Highlights: Net cash from operating activities of approximately $225 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $345 million...
PDC Energy First Quarter 2021 Results
PDC Energy, Inc. announced its 2021 first quarter financial and operating results. 2021 First Quarter Highlights: Net cash from operating activities of approximately $355 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below,...
PDC to Boost Completion Activity Over 30% in 2021; 180 TILs, 2-3 Rigs
PDC Energy, Inc. announced its 2020 fourth quarter and full-year operating and financial results. The Company also provided detailed 2021 guidance and a preliminary multi-year outlook. 2021 Plans - Capex: $500-600 million - up 6% at...
PDC Energy Makes Changes to Board of Directors
PDC Energy, Inc. has appointed Diana L. Sands to its board of directors on February 18, 2021. About Sands Ms. Sands brings over 30 years of experience in complex and dynamic environments to PDC, having held...
PDC Energy Third Quarter 2020 Results; IDs Preliminary 2021 Capex
PDC Energy, Inc. announced its 2020 third quarter operating and financial results. 2021 Preliminary Outlook The Company's preliminary 2021 Outlook remains unchanged from an operational standpoint as it contemplates total capital investment between $500 million and...
Colorado Oil & Gas Regulators Vote to Support 2,000' Setback
After five days of hearings, all but one member of the Colorado Oil and Gas Conservation Commission voiced support yesterday for 2,000-ft. setbacks, significantly larger than those proposed by Commission staff. The current setback is 200...
Colorado Regulators Support 2,000 foot Setback
The Colorado Oil and Gas Conservation Commission voiced support for large buffers around well drilling sites. The majority of the five-member panel said Wednesday they endorse setbacks of 2,000 feet, significantly larger than those proposed by...