An evolving E&P company
PDC Energy ("PDC" or the "Company") (NASDAQ: PETD) is an independent natural gas and oil company 40 years in the making. Historically strong and stable, with 2010 as a base year the Company anticipates a new phase of growth in the future.
PDC has significant holdings in the Rocky Mountain Region and through our joint venture in the Appalachian Basin, including the Marcellus Shale play. Effective August 2010 the Company plans to close on a transaction to also become an operator in the Wolfberry trend of the Permian Basin in Texas.
PDC's strategy is simple: Increase stockholder value by growing reserves, production, net income and cash flow, while concentrating on operational integrity. The Company's focus is on low risk development of its natural gas and oil reserves, acquiring properties with development potential, and limited exploratory drilling.
