Operator · Utica Shale
PDC Energy, Inc.
80 articles mentioning PDC Energy, Inc. · Page 2 of 4
PDC Energy Second Quarter 2020 Results
PDC Energy, Inc. reported its Q2 2020 results. Q2 Highlights: Net cash from operating activities of approximately $103 million and adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $182 million. Oil...
PDC Energy First Quarter 2020 Results; Preliminary 2021 Outlook
PDC Energy, Inc. announced its 2020 first quarter operating and financial results. The Company also provided detailed commentary regarding its 2020 operating plan. 2020 First Quarter Highlights: In May, the Company's semi-annual redetermination resulted in a...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
PDC Cuts 2020 Capex Again; Senior Execs Take 15% Pay Cut
PDC Energy Inc. has detailed additional changes to its 2020 plan. The company previously cut its 2020 capex by 23% on March 11, 2020. Capital Budget PDC plans to reduce its expected 2020 capex to a...
PDC Energy Revises 2020 Plans; Cut Capex, Wells, Frac Crews
PDC Energy is making adjustments to its 2020 capital plan in response to the oil price developments earlier in the week. Highlights: - Cut capex 23% to $813 million - Delaware Basin Release Delaware Basin frac...
PDC Talks Fourth Quarter 2019 Results; 2020 Outlook
PDC Energy, Inc. announced its 2019 full-year and fourth quarter operating and financial results. The Company also provided detailed 2020 guidance and a preliminary 2021 outlook. 2019 Highlights: Net cash from operating activities of approximately $858...
PDC Energy Completes $1.7B Acquisition of SRC Energy
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...
PDC Energy Reports Q3 2019 Results
PDC Energy, Inc. reported its Q3 2019 results. Third Quarter 2019 Highlights: Net cash from operating activities of $234 million, adjusted cash flow from operations, a non-U.S. GAAP financial measure defined below, of approximately $202 million,...
PDC Energy Details Q2 2019 Results
PDC Energy, Inc. reported its 2019 second quarter operating and financial results while announcing improvements to its 2019 capital efficiency by reducing its full-year capital investment guidance and increasing its full-year production guidance. Company Highlights: Lowered...
PDC, SRC Energy in Talks for Potential Merger Deal
DJ Basin operators PDC Energy and SRC Energy are in talks regarding a potential merger deal, according to a report by Bloomberg. If a merger agreement is reached, the resulting company would create one of the...
PDC Shareholders Reject Kimmeridge Board Nominees
PDC Energy Inc. has reported that its shareholders have voted to re-elect Barton R. Brookman, Mark E. Ellis, and Larry F. Mazza to the Company’s Board of Directors. This effectively ends the proxy battle with activist...
PDC Turns on Taps at 41 Wells in Q1, Up +14% YOY; Sees Production Grow 26%
PDC Energy, Inc. reported its Q1 2019 results. Here are highlights from its report and presentation. As previously reported, PDC is currently at odds with investor Kimmeridge Energy (click here to read more about that). Q1...
PDC Energy Brutally Refutes Kimmeridge Energy Claims
PDC Energy is not backing down from activist investor Kimmeridge Energy. Today, the company filed a new presentation outlining all the issues it has with Kimmeridge. The presentation highlights PDC’s successful execution of its operating plan...
PDC Issues Statement as Tensions with Investor Kimmeridge Rise
PDC Energy shareholder Kimmeridge Energy Management Co. recently filed a Schedule 13D with the SEC, which hints at investor unrest - at least on Kimmeridge's part. The filing would enable the public to know the identity...
PDC Spending $150MM Less in 2019; Expects 20% Production Growth
PDC Energy, Inc. detailed its 2019 capital plans as well as its Q4 2018 results. *The company's guidance utilizes a flat $50 WTI oil and $3 NYMEX gas price deck 2019 Plans - 2019 Capex: $810-870...
PDC Energy's General Counsel to Retire; Successor Promoted
PDC Energy has announced the planned retirement of the Company's current General Counsel, Dan Amidon, on December 31, 2018 and Subsequently, PDC has appointed, effective January 1, 2019, Nicole Martinet, the Company's current Associate General Counsel,...
PDC Talks Capital, Rig Plans Through 2020; Latest Delaware, Wattenberg Ops
PDC Energy reported its Q3 2018 results. Talks Capital Plan Through 2020 - Steady Spending Growth - 2019 Capex: $950 million - $1.050 billion (has IDed a tentative 2020 capex of $1.0-1.2 billion) - Rig Plans:...
PDC Touts +20% Jump in Delaware Basin Output from 1Q18; Increases Spending
PDC Energy reported its Q2 2018 Delaware Basin results. Corporate Highlights Production of 9.4 MMBOE, or approximately 103,000 barrels of oil equivalent (“Boe”) per day, representing a year-over-year increase of 20 percent from Wattenberg and Delaware...
DJ Basin Operator Increased Wells Planned to 158 Wells In 2018
PDC Energy reported its 2Q 2018 results and of particular note, the company is increasing its 2018 DJ Basin development plan. "In Wattenberg, the Company now projects to spud between 150 to 165 wells in 2018,...
PDC Ups Oil Output 51% to 3.8 MMBbls; Awaiting IPs from Q1 Delaware Basin Wells
PDC Energy reported its Q1 2018 results. Highlights: - Q1 2018 production of 99 MBOEPD (up +34% YOY and up +14% from 4Q17) YOY oil production increase of 51% to 3.8 million barrels (MMBbls), representing 43...