Career Opportunities

Royalty Owner

About PDC Energy

Corporate Strategy | Print |

Long-Term Growth Strategy:

Generate stockholder value through the acquisition, exploration and development of crude oil and natural gas assets capable of delivering strong, value-added growth in production, reserves and cash flow. Maintain a conservative and disciplined financial strategy which includes a strong balance sheet and debt metrics, abundant liquidity and a robust hedging program. Pursue various midstream, marketing and cost reduction initiatives designed to increase per unit operating margins.

Current Strategic Focus:

The Company places a strong emphasis on organic development – growing its production, reserves and cash flow from its high-value, horizontal drilling programs in the Wattenberg Field and the recently acquired Delaware Basin. The Company is focused on maintaining its strong balance sheet and conservative debt metrics, especially in a continued low commodity price environment. PDC is well positioned to deliver value from its organic growth focus:

  • Substantial Long-Life Reserves
    • 341 MMBoe proved reserves as of year-end 2016, primarily in Wattenberg, equates to a reserve life index of over 15 years based on 2016 production of 22.2 MMBoe
    • Significant operational control and leases in Wattenberg primarily held-by-production

  • Resilient Drilling Program in the Wattenberg Field 
    • Core Wattenberg is a top-tier economic rate-of-return field in the U.S. Onshore
    • PDC is the 3rd largest leaseholder and producer in Wattenberg
    • Core Wattenberg provides very repeatable and consistently strong drilling results
    • PDC is focused on driving additional capital efficiency through improved completion enhancements, extended reach laterals and consolidating acreage through trades
    • Core Wattenberg projects have a well-developed, diversified and expanding third-party midstream and pipeline infrastructure to accommodate future volume growth

  • Development of Delaware Basin 
    • Significant drilling to target the Wolfcamp A, B, and C zones
    • Future downspacing tests in the Wolfcamp as well as drilling additional horizons in the deeper Wolfcamp, the Avalon, and the Bone Spring
    • Pursue longer laterals, completion enhancements and expansion of drilling inventory
    • Build-out owned and operated midstream infrastructure

  • Talented Organization – Focused on Driving Results
    • Substantial horizontal drilling, completion and operating skill sets
    • Focus on utilizing new technology to create additional value 
    • Continuous midstream and marketing focus on improving netbacks
    • Emphasis on safety, our environment, and corporate responsibility