PDC Energy Inc.

PDC Energy Inc. today announced that it has priced its previously announced public offering of an additional $150 million aggregate principal amount of its existing 5.75% Senior Notes due 2026 at an issue price of 99.0% of face value, plus accrued and unpaid interest from May 15, 2020 to but excluding the settlement date for the notes. The Notes will be treated as a single series with the Existing Notes under the [...]

PDC Energy Inc. today announced that, subject to market conditions, the Company is commencing a registered offering of an additional $150 million aggregate principal amount of its existing 5.75% Senior Notes due 2026 . The Notes will be treated as a single series with the Existing Notes under the indenture governing the Existing Notes and will have the same terms as the Existing Notes . The Notes will have the same CUSIP [...]

PDC Energy Inc. today announced publication of its 2020 Sustainability Report, highlighting the Company’s efforts and commitments to responsibly develop oil and natural gas in 2019 and beyond. The report builds on PDC’s core values of emphasizing integrity and respect for the environment and the health, safety, and well-being of our employees and communities. Bart Brookman, President and CEO of PDC Energy, stated, “I am [...]

PDC Energy Inc. today announced its 2020 second quarter operating and financial results. The Company also updated its 2020 guidance including a substantial increase to its projected free cash flow, a non-U.S. GAAP metric defined below, a reduction to its expected capital investments and an increase to both its oil production and total production ranges. 2020 Second Quarter Highlights: Net cash from operating activities of [...]

PDC Energy Inc. today announced plans to host a conference call to discuss second quarter 2020 operating and financial results. The Company plans to issue its news release after market close on Wednesday, August 5, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Thursday, August 6, 2020 at 11:00 a.m. ET [...]

PDC Energy Inc. today 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 borrowing base of $1.7 billion under its revolving credit facility with elected commitments remaining at $1.7 billion, resulting in total liquidity, as of April [...]

PDC Energy Inc. today announced plans to host a conference call to discuss first quarter 2020 results. The Company plans to issue its first quarter 2020 news release after market close on Thursday, May 7, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Friday, May 8, 2020 at 11:00 a.m. ET Domestic [...]

PDC Energy Inc. announced today a supplemental update to its 2020 operating plan along with changes to its 2020 guidance and 2021 outlook. In order to preserve its balance sheet strength, liquidity and ability to generate meaningful free cash flow, PDC plans to reduce its expected 2020 capital investments to a range of $500 to $600 million. The updated plan reflects a decrease of nearly 50 percent compared to its original [...]

PDC Energy Inc. announced today an operational update and changes to its 2020 guidance and 2021 outlook. The Company expects to reduce its full-year capital investments by 20 to 25 percent compared to its original guidance range of $1.0 to $1.1 billion and projects free cash flow in excess of $150 million for the year. Production is now expected to average similar levels as pro forma 2019 volumes of approximately 200,000 [...]

PDC Energy Inc. today 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 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $825 million and oil and gas capital investments of approximately [...]