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PDC Energy Inc (PDCE.O)

PDCE.O on Nasdaq

31.79USD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

PDC Energy Sees 2020 Capital Investment Of $825 Million - $925 Million
Wednesday, 8 May 2019 04:30pm EDT 

May 8 (Reuters) - PDC Energy Inc ::PDC ENERGY INC -SEES 2020 CAPITAL INVESTMENT OF $825 MILLION - $925 MILLION.  Full Article

Kimmeridge Comments On PDC's Q1 Operating And Financial Results
Thursday, 2 May 2019 07:00am EDT 

May 2 (Reuters) - PDC Energy Inc ::KIMMERIDGE COMMENTS ON PDC'S Q1 OPERATING AND FINANCIAL RESULTS.  Full Article

PDC Energy Announces 2019 First Quarter Results
Wednesday, 1 May 2019 04:15pm EDT 

May 1 (Reuters) - PDC Energy Inc ::PDC ENERGY ANNOUNCES 2019 FIRST QUARTER RESULTS, DELAWARE BASIN MIDSTREAM MONETIZATION AND AUTHORIZATION OF STOCK REPURCHASE PROGRAM.Q1 LOSS PER SHARE $1.82.Q1 EARNINGS PER SHARE ESTIMATE $0.62 -- REFINITIV IBES DATA.QTRLY TOTAL PRODUCTION OF 11.2 MILLION BARRELS OF OIL EQUIVALENT ("MMBOE"), OR APPROXIMATELY 125,000 BOE PER DAY.PDC ENERGY - ENTERED INTO DEFINITIVE AGREEMENTS TO DIVEST CERTAIN DELAWARE BASIN MIDSTREAM ASSETS FOR AGGREGATE PURCHASE PRICE OF ABOUT $310 MILLION.ENTERED INTO LONG-TERM COMMERCIAL SERVICE AGREEMENTS WITH INCENTIVE-BASED PROVISIONS WORTH UP TO AN ADDITIONAL $135 MILLION..RECENTLY AUTHORIZED A STOCK REPURCHASE PLAN OF UP TO $200 MILLION OF ITS OUTSTANDING COMMON STOCK.REPURCHASE PLAN IS EXPECTED TO BE FUNDED THROUGH FREE CASH FLOW.EXPECTS TO UTILIZE DEAL PROCEEDS TO PAY OFF ITS OUTSTANDING REVOLVER BALANCE AND FOR FUTURE CAPITAL INVESTMENTS.PDC ENERGY - MAJORITY OF UPFRONT $225 MILLION CASH PROCEEDS ARE EXPECTED TO PAY DOWN COMPANY'S ANTICIPATED REVOLVING CREDIT FACILITY BALANCE AT END OF Q2.SEES 2019 PRODUCTION 46.0 - 50.0 MMBOE.SEES 2019 CAPITAL INVESTMENT IN CRUDE OIL AND NATURAL GAS PROPERTIES $810-$870 MILLION.QTRLY TOTAL REVENUES $134.5 MILLION VERSUS $260.6 MILLION.  Full Article

PDC Energy Announces 2018 Full-Year Production And Year-End Proved Reserves
Monday, 11 Feb 2019 04:30pm EST 

Feb 11 (Reuters) - PDC Energy Inc ::PDC ENERGY ANNOUNCES 2018 FULL-YEAR PRODUCTION AND YEAR-END PROVED RESERVES; ISSUES 2019 PRODUCTION & CAPITAL GUIDANCE – EXPECTS TO BE CASH FLOW POSITIVE AT $50 WTI OIL.PDC ENERGY INC - Q4 2018 PRODUCTION OF APPROXIMATELY 11.8 MMBOE WITH A DECEMBER EXIT RATE OF APPROXIMATELY 130,000 BOE PER DAY..PDC ENERGY INC - ANTICIPATED 2019 CAPITAL INVESTMENTS OF $810 TO $870 MILLION.PDC ENERGY - PROJECT GENERATING FREE CASH FLOW FROM OIL AND GAS OPERATIONS, EXCLUDING CORPORATE CAPITAL, OF APPROXIMATELY $25 MILLION AT $50 OIL IN 2019.PDC ENERGY INC SEES YEAR-OVER-YEAR PRODUCTION GROWTH OF APPROXIMATELY 20% TO AN ESTIMATED 46 TO 50 MMBOE IN 2019.PDC ENERGY INC - EXPECTS ITS Q1 2019 PRODUCTION TO DECREASE SLIGHTLY COMPARED TO Q4 OF 2018.PDC ENERGY INC - EXPECTS TO OUTSPEND CASH FLOWS IN FIRST HALF OF 2019 BEFORE GENERATING ITS EXPECTED FREE CASH FLOW IN LATTER HALF OF YEAR..  Full Article

PDC Energy Inc says On May 23, Co Entered Into Fourth Amended And Restated Credit Agreement
Friday, 25 May 2018 01:26pm EDT 

May 25 (Reuters) - PDC Energy Inc ::PDC ENERGY INC - ON MAY 23, CO ENTERED INTO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT WITH CERTAIN BANKS AND OTHER LENDERS - SEC FILING.PDC ENERGY INC - RESTATED CREDIT AGREEMENT AMENDS AND RESTATES COMPANY'S THIRD AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 21, 2013.PDC ENERGY INC - RESTATED CREDIT AGREEMENT PROVIDES FOR A MAXIMUM CREDIT AMOUNT OF $2.5 BILLION.PDC ENERGY INC - RESTATED CREDIT AGREEMENT EXTENDS MATURITY DATE OF FACILITY FROM MAY 21, 2020 TO MAY 23, 2023.  Full Article

PDC Energy Reports Q4 Adjusted Earnings Per Share $1.98
Monday, 26 Feb 2018 04:45pm EST 

Feb 26 (Reuters) - Pdc Energy Inc ::Q4 ADJUSTED EARNINGS PER SHARE $1.98.‍IN 2018, ANTICIPATES CAPITAL INVESTMENTS BETWEEN $850 MILLION AND $920 MILLION TO DELIVER TOTAL PRODUCTION OF 38 TO 42 MMBOE​.QTRLY ‍TOTAL REVENUES $189.5 MILLION VERSUS $108.1 MILLION​.PRODUCTION FOR Q1 OF 2018 IS EXPECTED TO BE RELATIVELY FLAT COMPARED TO Q4 OF 2017.PDC ENERGY - ‍IN FEB, ENTERED DEFINITIVE PURCHASE AND SALE AGREEMENT FOR SALE OF ITS UTICA SHALE ASSETS FOR TOTAL NET PROCEEDS OF ABOUT $40 MILLION​.QTRLY EARNINGS PER SHARE $‍1.17​.LARGER SEQUENTIAL PRODUCTION GROWTH FROM Q1 2018 ANTICIPATED IN SECOND THROUGH FOURTH QUARTERS OF 2018.PDC ENERGY - QTRLY‍​ OIL PRODUCTION 3.7 MMBBLS, REPRESENTING 43 PERCENT OF TOTAL PRODUCTION AND AN INCREASE OF NEARLY 50 PERCENT.QTRLY CRUDE OIL, NATURAL GAS AND NGLS SALES WERE $277.1 MILLION, COMPARED TO $169.3 MILLION IN Q4 OF 2016.PDC ENERGY - FY GUIDANCE NOW INCLUDES AN IMPROVEMENT IN DELAWARE DRILL TIMES, RESULTING IN ADDITIONAL PLANNED SPUDS AND TURN-IN-LINES IN THE BASIN‍​.PDC ENERGY -‍​ ANTICIPATES WILL OUTSPEND ADJUSTED CASH FLOWS FROM OPERATIONS IN FIRST HALF OF YEAR, OPERATE IN CASH FLOW POSITIVE ENVIRONMENT IN SECOND HALF.  Full Article

Pdc Energy Announces Year-End 2017 Proved Reserves Of About 453 MMBOE, Including Nearly 100 MMBOE In Delaware Basin
Tuesday, 6 Feb 2018 04:20pm EST 

Feb 6 (Reuters) - Pdc Energy Inc ::PDC ENERGY ANNOUNCES YEAR-END 2017 PROVED RESERVES OF APPROXIMATELY 453 MMBOE, INCLUDING NEARLY 100 MMBOE IN DELAWARE BASIN.PDC ENERGY INC - ANTICIPATED 2017 PRODUCTION OF 31.8 MMBOE WITH ESTIMATED 2017 OIL PRODUCTION OF 12.9 MM BARRELS.PDC ENERGY INC - ANTICIPATED Q4 2017 OIL PRODUCTION OF OVER 40,400 BARRELS PER DAY.PDC ENERGY INC - ANTICIPATED DECEMBER 2017 PRODUCTION EXIT RATE OF 97,000 BARRELS OF OIL EQUIVALENT ("BOE") PER DAY..PDC ENERGY INC - ANTICIPATED 2017 CAPITAL INVESTMENT OF APPROXIMATELY $790 MILLION.  Full Article

PDC Energy Announces New Director Appointment
Thursday, 21 Dec 2017 12:48pm EST 

Dec 21 (Reuters) - PDC Energy Inc ::PDC ENERGY ANNOUNCES NEW DIRECTOR APPOINTMENT.PDC ENERGY INC - BOARD HAS APPOINTED CHRISTINA IBRAHIM TO SERVE AS A CLASS II DIRECTOR OF COMPANY, EFFECTIVE JANUARY 1, 2018.  Full Article

Pdc Energy Announces 2018 Capital Investment Budget Of $850 To $920 Million
Monday, 11 Dec 2017 04:30pm EST 

Dec 11 (Reuters) - Pdc Energy Inc ::PDC ENERGY ANNOUNCES 2018 CAPITAL INVESTMENT BUDGET OF $850 TO $920 MILLION; 2018 PRODUCTION FORECAST OF 38 TO 42 MILLION BOE AND AN ESTIMATED YEAR-END LEVERAGE RATIO OF 1.6 TIMES.PDC ENERGY INC - FOR FY18 ‍ANTICIPATES CAPITAL INVESTMENT BETWEEN $850 MILLION AND $920 MILLION.PDC ENERGY INC - ANTICIPATE OPERATING IN A CASH FLOW NEUTRAL ENVIRONMENT OVER SECOND HALF OF 2018.PDC ENERGY INC - OIL PRODUCTION TO ACCOUNT FOR APPROXIMATELY 42 PERCENT OF TOTAL PRODUCTION IN 2018.PDC ENERGY INC - PRODUCTION GROWTH OF ABOUT 25 PERCENT TO AN ESTIMATED 38 TO 42 MILLION BARRELS OF OIL EQUIVALENT IN 2018.PDC ENERGY INC - 2018 FORECASTS AND PROJECTIONS INCLUDE ANTICIPATED CLOSING OF WATTENBERG ACQUISITION PRIOR TO YEAR-END 2017.PDC ENERGY INC - IN 2018, COMPANY PLANS TO INVEST APPROXIMATELY $480 MILLION IN WATTENBERG FIELD.PDC ENERGY INC - IN DELAWARE BASIN, COMPANY PLANS TO INVEST APPROXIMATELY $395 MILLION.PDC ENERGY INC - PLANS TO SPUD APPROXIMATELY 153 OPERATED WELLS AND TURN-IN-LINE APPROXIMATELY 161 OPERATED WELLS IN 2018.  Full Article

PDC Eenergy announces pricing of 5.75% senior notes offering
Tuesday, 14 Nov 2017 05:15pm EST 

Nov 14 (Reuters) - Pdc Energy Inc :PDC Energy announces pricing of 5.75% senior notes offering.Priced offering of $600 million aggregate principal amount of 5.75% senior unsecured notes due 2026​.  Full Article

ISS backs activist investor Kimmeridge's two nominees to PDC board

Activist investor Kimmeridge Energy Management Co said on Friday shareholder advisory group ISS recommended two of its board nominees for PDC Energy Inc, a day after Glass Lewis backed the company's full slate of directors.