PDC Energy Inc.

PDC Energy Inc. announced today that is has commenced an offer to repurchase its outstanding $550 million aggregate principal amount of 6.250% Senior Notes due 2025 at 101% of the principal amount thereof plus accrued and unpaid interest , pursuant to the Indenture, dated as of November 29, 2017, as amended by that First Supplemental Indenture, dated January 14, 2020, and that Second Supplemental Indenture, dated January [...]

PDC Energy Inc. today announced that it has completed its acquisition of SRC Energy Inc. . The merger was previously approved by PDC stockholders and SRC shareholders at special meetings held on January 13, 2020. Each eligible share of SRC common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.158 shares of PDC’s common stock, with cash [...]

PDC Energy Inc. today reported its 2019 third quarter financial and operating 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, and oil and gas capital investments of $164 million. Approximately $39 million of free cash flow, a non-U.S. GAAP measure defined as net [...]

PDC Energy Inc. today announced plans to host a conference call to discuss third quarter 2019 results. The Company plans to issue its third quarter 2019 news release after market close on Wednesday, November 6, 2019, 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, November 7, 2019 at [...]

Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of SRC Energy Inc. breached their fiduciary duties in connection with the proposed sale of the Company to PDC Energy Inc. . On August 26, 2019, SRC announced that it had signed a definitive merger agreement with PDC. Under the terms of the deal, SRC shareholders will receive a fixed exchange ratio of 0.158 PDC [...]

Creates Premier Mid-Cap Operator with Peer-Leading Cost Structure and Free Cash Flow Profile Increases Share Repurchase Program from $200 million to $525 million Immediately Accretive to all Key Financial Metrics Companies to Host a Joint Investor Call Today at 8:00 a.m. ET / 6:00 a.m. MT DENVER, Aug. 26, 2019 -- PDC Energy Inc. and SRC Energy Inc. today announced they have entered into a definitive merger agreement under [...]

PDC Energy Inc. today 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 full-year capital investment guidance to a range of $810 to $840 million from $810 to $870 million, which includes reducing the Wattenberg rig [...]

PDC Energy Inc. today announced plans to host a conference call to discuss second quarter 2019 results. The Company plans to issue its second quarter 2019 news release after market close on the previous day, 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 8, 2019 at 11:00 a.m. ET [...]

$1.0 Billion Term Loan B and $150 Million Revolving Credit Facility Acquisition of Additional Produced Water Infrastructure in the Southern Delaware Basin WaterBridge Holdings LLC announced today the closing of significant transactions that provide additional expansion capital and operational scale in the Southern Delaware Basin.    Term Loan B and Revolving Credit Facility WaterBridge's $1.0 billion Term Loan B priced at [...]

PDC Energy Inc. announced today that, based on the preliminary vote count provided by its proxy solicitor following the Company’s 2019 Annual Meeting of Stockholders, PDC shareholders have voted to re-elect Barton R. Brookman, Mark E. Ellis, and Larry F. Mazza to the Company’s Board of Directors. PDC issued the following statement: On behalf of the PDC Energy Inc. Board and management team, we thank our [...]