Overview | Print |

Summary Overview

PDC Energy is an exploration and production company headquartered in Denver, Colorado focused on value-added organic growth through active horizontal drilling programs and bolt-on acquisitions in its core areas. PDC's operations include production, development, exploration and marketing of crude oil, natural gas and natural gas liquids (“NGLs”). PDC’s portfolio is comprised of the Wattenberg Field in Colorado, the Delaware Basin in West Texas and the Utica Shale in Ohio. The Company’s total 2016 net production increased approximately 44% year-over-year to 22.2 million barrels of oil equivalent ("MMBoe"), which was derived primarily from the Wattenberg Field, and consisted of 61% crude oil and NGLs, and 39% natural gas.

As of year-end 2016, the Company had proved reserves of 341, million barrels of oil equivalent ("MMBoe"), and owned an interest in approximately 2,900 gross productive wells. PDC has a very large inventory of predictable, high-value horizontal locations in the Wattenberg Field (approximately 1,800) that offer significant organic development and long-term growth opportunities. Additionally, the Company has identified 785 horizontal locations in the Delaware Basin through its recent acquisitions.

Well-positioned to Deliver Value