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PDC Energy Inc (PDCE.OQ)

PDCE.OQ on NASDAQ Stock Exchange Global Select Market

46.39USD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

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

PDC Energy announces proposed private debt offering
Tuesday, 14 Nov 2017 07:41am EST 

Nov 14 (Reuters) - PDC Energy Inc :PDC Energy announces proposed private debt offering.Planning a private offering of $600 million in aggregate principal amount of its senior unsecured notes due 2026​.Intends to use net proceeds from offering to redeem its 7.75% senior notes due 2022​.Also ‍intends to use proceeds from offering to fund purchase of properties of Bayswater Exploration & Production.  Full Article

PDC Energy reaches agreement with regulators to settle lawsuit regarding DJ Basin operations
Tuesday, 31 Oct 2017 01:34pm EDT 

Oct 31 (Reuters) - Pdc Energy Inc ::Says ‍agreement with EPA, DOJ, State of Colorado to improve air emission control systems on certain oil storage tanks in Denver-Julesburg basin​.Says ‍upon court approval, agreement will fully resolve federal court lawsuit filed by DOJ and State against PDC​.Says estimates that investment to enhance its operations at DJ basin will be about $18 million​.Says ‍pursuant to agreement will implement changes to enhance emission management in DJ basin​.Says PDC will pay a $1.5 million civil penalty and provide $1.0 million for state supplemental environmental projects​.Says ‍remainder of investment to enhance operations at DJ basin expected to be incurred through 2022​.  Full Article

PDC Energy Q2 earnings per share $0.62
Tuesday, 8 Aug 2017 08:00am EDT 

Aug 8 (Reuters) - PDC Energy Inc ::PDC Energy announces 2017 second quarter results with 54 pct production increase to 8.0 million barrels of oil equivalent.Q2 earnings per share $0.62.Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Q2 adjusted non-gaap earnings per share $0.19.Q2 revenue $275.2 million versus $20.1 million.Q2 revenue view $212.5 million -- Thomson Reuters I/B/E/S.Qtrly ‍production of 8.0 million barrels of oil equivalent, a 54 percent increase year-over-year​.Qtrly ‍daily production of approximately 88,100 barrels of oil equivalent​.Qtrly ‍oil production of 3.2 million barrels, a 62 percent increase year-over-year​.‍"we expect full-year capital to be approximately $800 million​" for 2017.  Full Article

PDC Energy issues response to Clean Air Act complaint
Monday, 26 Jun 2017 08:37pm EDT 

June 26 (Reuters) - PDC Energy Inc ::PDC Energy issues response to clean air act complaint.PDC Energy Inc says have worked diligently to design, maintain and operate our production facilities in compliance with guidelines.PDC Energy Inc says "very disappointed with today's filing as we have been in continuous discussions with EPA, DoJ and state of colorado for over a year".  Full Article