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Executing On Our Long-Term Strategy

PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) is focused on maintaining a strong balance sheet and solid debt metrics while delivering value-added organic growth from a liquids-rich portfolio through horizontal drilling. PDC’s strategy is simple: increase shareholder value through the growth of reserves, production, and per share cash flow and earnings, while focusing on safe and efficient operations, environmental stewardship and community outreach.

PDC’s primary focus continues to be on developing its approximately 2,150 2P horizontal drilling locations as of year-end 2015 in the Core Wattenberg Field located in Colorado. The Company is also focused on delineating and developing the estimated 710 potential horizontal drilling locations on its approximately 57,000 net acre Delaware Basin acquisition which closed in December 2016. PDC also operates in the condensate and wet gas windows of the Utica Shale play in Ohio. PDC is committed to optimizing margins through efficient drilling operations and sound asset management.

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