BANK OF AMERICA: GLOBAL ENERGY & POWER LEVERAGED FINANCE CONFERENCE JUNE 4, 2014 NASDAQ:PDCE
Company Overview NASDAQ: PDCE Strategic Core Areas Market cap 2.2 Billion (1) Colorado and Appalachian Basin Enterprise value 2.7 Billion WATTENBERG UTICA Proved reserves (YE2013) 266 MMBoe 97,000 Net Acres Liquid- 54,000 Net…
2014 Net Production Guidance 28% - 35% projected increase in production from continuing operations (9.5 10.0 MMBoe in 2014 versus 7.4 MMBoe in 2013) 2014 Quarter Comments Q1 2014 Strong Dec13 exit rate; over-performance of Waste…
2014 Capital & Year-End 2013 Reserves 2014 Capital Budget Allocation 647 million capital expenditure budget 467 million (72%) Wattenberg includes 100 million for non-op projects 162 million (25%) Utica includes 30 Utica Wattenberg…
Debt Maturity Schedule in Millions 115 million 3.25% convertible Debt Maturity Schedule debentures mature in May 2016 3.25% Convertible Notes due 2016 600 Drawn 03/31/2014 - PDCM PDCM: 53 million revolver matures in Undrawn…
Crude Oil and Natural Gas Hedges Hedges in place as of April 15, 2014 Apr Dec Crude Oil (includes NGL) FY2015 FY2016 2014 NYMEX Average (1) 98.58 90.69 84.98 Weighted-Average Hedge Price With Ceilings 93.55 89.35 94.50…
PDCE mapped against Moodys E&P industry methodology indicates a rating in the B1 category (12/31/13 financial data) Factor mapping Independent E&P Industry. Rating factors and sub-factors A Baa Ba B Caa Ca PDCE Reserves and…
Investment Highlights 2013 Utica Objectives Positioned to execute multi-year organic growth of production, cash flow and proved reserves Significant horizontal projects in inventory Core Wattenberg Niobrara and Codell / Colorado…
Investor Relations Mike Edwards, Senior Director Investor Relations michael.edwardspdce.com Marti Dowling, Manager Investor Relations marti.dowlingpdce.com Corporate Headquarters PDC Energy, Inc. 1775 Sherman Street Suite 3000…
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