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PDC Energy Inc (PDCE.OQ)

PDCE.OQ on NASDAQ Stock Exchange Global Select Market

61.83USD
24 Mar 2017
Change (% chg)

$-0.53 (-0.85%)
Prev Close
$62.36
Open
$62.49
Day's High
$62.80
Day's Low
$61.64
Volume
345,777
Avg. Vol
332,706
52-wk High
$84.88
52-wk Low
$50.12

Latest Key Developments (Source: Significant Developments)

PDC Energy sees 2017 production 30.0 MMBoe-33.0 MMBoe
Tuesday, 28 Feb 2017 08:00am EST 

Pdc Energy Inc : Q4 2016 production increased 34% to 69,620 boe/d, compared to 51,980 boe/d in q4 of 2015 . Pdc energy announces 2016 full-year and fourth quarter operating and financial results; production increase of 44 percent to 22.2 mmboe . Q4 loss per share $0.94 . Q4 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Pdc energy inc sees 2017 capital expenditures $ 725 million- $ 775 million .Pdc energy inc sees 2017 production 30.0 mmboe - 33.0 mmboe.  Full Article

PDC Energy announces year-end 2016 proved reserves of nearly 341 MMBoe and full-year 2016 production increase of 44 pct to 22.2 MMBoe
Wednesday, 1 Feb 2017 04:15pm EST 

PDC Energy Inc : PDC Energy announces year-end 2016 proved reserves of approximately 341 mmboe and full-year 2016 production increase of 44% to 22.2 MMBoe . PDC Energy announces year-end 2016 proved reserves of approximately 341 mmboe and full-year 2016 production increase of 44% to 22.2 MMBoe . PDC Energy Inc - Year-end 2016 proved reserves of 341.4 million barrels of oil equivalent .PDC Energy Inc - Estimated 2016 production of 22.2 MMBoe, a 44% increase over 2015..  Full Article

PDC Energy buys about 4,500 net acres in core Delaware basin
Wednesday, 4 Jan 2017 08:30am EST 

PDC Energy Inc : PDC Energy announces bolt-on acquisition of approximately 4,500 net acres in the core Delaware basin . PDC Energy Inc - deal for approximately $118 million .PDC Energy Inc - PDC's working interest in acquired leasehold is 100 percent and PDC expects to operate 100 percent of properties.  Full Article

PDC energy announces 2017 capital budget of $725 to $775 million
Monday, 5 Dec 2016 08:00am EST 

Pdc Energy Inc - : PDC energy announces 2017 capital budget of $725 to $775 million; anticipates greater than 40% annual production growth with projected year-end 2017 debt to ebitdax of approximately 1.8x . Sees annual production of approximately 30.0 to 33.0 million barrels of oil equivalent in 2017 . Sees oil production to account for approximately 43% of total production in 2017 . Sees year-end 2017 cash on hand of about $200 million, debt to ebitdax of about 1.8 times .Q1 2017 production is expected to be in-line with anticipated q4 2016 volumes due to timing of turn-in-lines.  Full Article

PDC Energy Inc appointed David Honeyfield as company's CFO
Thursday, 1 Dec 2016 05:24pm EST 

Pdc Energy Inc :PDC Energy Inc appointed David Honeyfield as company's chief financial officer, such appointment to become effective on December 19, 2016.  Full Article

PDC Energy appoints David Honeyfield to CFO
Thursday, 1 Dec 2016 09:00am EST 

PDC Energy Inc : PDC Energy appoints Mr. David Honeyfield to chief financial officer .Honeyfield's appointment is effective December 19, 2016.  Full Article

PDC Energy announces entry into the core Delaware basin through acquisition of about 57,000 net acres
Tuesday, 23 Aug 2016 04:06pm EDT 

PDC Energy Inc : PDC Energy announces entry into the core Delaware basin through transformative acquisition of approximately 57,000 net acres . Deal for $1.5 billion . Company intends to fund cash portion of acquisition through potential equity and debt financings prior to closing . Consideration in transaction includes about $915 million of cash and about 9.4 million shares of PDC common stock privately placed to sellers and valued at about $590 million . In remainder of year, company plans to spud approximately nine horizontal wells . Through committed financing from J.P. Morgan, Co secured incremental liquidity, bringing its current liquidity to approximately $1.4 billion . Finishing completion operations on two horizontal wells and plans to operate two drilling rigs by year-end 2016 in Delaware basin . To expand certain midstream infrastructure for an expected total capital outlay of approximately $55 to $65 million for Delaware basin .Agreements to acquire two privately held companies managed by Kimmeridge Energy Management Company.  Full Article

PDC Energy Q2 loss per share $2.04
Tuesday, 9 Aug 2016 08:00am EDT 

Pdc Energy : Reports 2016 Second Quarter Financial And Operating Results Including 54% Production Increase; Raises Full Year 2016 production guidance while reducing full-year capital . Q2 loss per share $2.04 . Q2 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S . Qtrly production of more than 57,100 barrels of oil equivalent ("boe") per day, 54% increase year-over-year . Full-Year capital expenditures reduced to $400 to $420 million from previously guided $410 to $440 million . Plans to reduce wattenberg rig count from four to three in q3 of 2016, expects to be cash flow positive for remainder of year . Increased mid-point of 2016 guidance to 21.5 million barrels of oil equivalent with expected december exit rate in excess of 64,000 boe per day .2016 total revenue excluding unrealized gains and losses is expected to be between $670 million and $700 million.  Full Article

PDC Energy names Scott Meyers as interim principal financial officer
Friday, 8 Jul 2016 04:52pm EDT 

PDC Energy : Assigned to R. Scott Meyers, company's chief accounting officer, duties of principal financial officer of company on an interim basis .Meyers named interim principal financial officer contemporaneously with resignation of Gysle Shellum as CFO - SEC filing.  Full Article

PDC Energy signs acreage deal with Noble Energy
Thursday, 16 Jun 2016 07:00am EDT 

PDC Energy Inc : Company is reviewing potential effects of trade on its 2016 development plans .PDC Energy signs definitive agreements with Noble Energy for strategic acreage trade in the core Wattenberg Field.  Full Article

More From Around the Web

BRIEF-PDC Energy sees 2017 production 30.0 MMBoe-33.0 MMBoe

* Q4 2016 production increased 34% to 69,620 boe/d, compared to 51,980 boe/d in q4 of 2015