PDCE - Mergers and acquisitions

DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023. About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizont

DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $0.35 to $0.40 per share on PDC's outstanding common stock. The dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. This marks the second consecutive annual increase since implementing the dividend in 2021. PDC also announced that the Board of Directors approved an incremental $750 million dollars to the Company's existing $1.25 billion share repurchase program, bringing the total authorization to $2.0 billion. The Company remains committ

DENVER, Dec. 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that the Colorado Oil and Gas Conservation Commission ("COGCC") unanimously approved, with overwhelming support of PDC's efforts, the Company's Guanella Comprehensive Area Plan (CAP), which encompasses approximately 33,000 consolidated net acres, 22 locations and approximately 450 wells in Weld County, Colorado. The Guanella CAP further supports the Company's long-term planning and permitting efforts. With today's CAP approved locations and our previously established multi-year inventory of projects in the DJ Basin, the Company has clear line of sight into its turn in line act

DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC's outstanding common stock. The dividends are payable on December 28, 2022, to stockholders of record at the close of business on December 19, 2022. For the full year of 2022, PDC anticipates returning approximately $1 billion to shareholders through share repurchases, base dividend payments and the special dividend. Inclusive of the combined $1.00 base and special dividend payments in December and the $745 million invested in share repu

DENVER, Aug. 25, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per share on PDC's outstanding common stock. The dividend is payable on September 22, 2022, to stockholders of record at the close of business on September 8, 2022. About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in t

DENVER, June 29, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that the Colorado Oil and Gas Conservation Commission ("COGCC") approved the Company's Broe Oil & Gas Development Plan ("OGDP") permit, which encompasses 30 wells in rural Weld County, Colorado. The Broe OGDP was initiated by Great Western Petroleum, LLC ("Great Western"), which was acquired by PDC in May 2022, and represents PDC's first OGDP approval on Great Western acreage. Combined with the previously announced Kenosha OGDP approval earlier this month, the Company has added 99 new wells to its inventory in June and will soon have over 675 permits and drilled and uncompleted

DENVER, June 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that the Colorado Oil and Gas Conservation Commission ("COGCC") approved the Company's Kenosha Oil & Gas Development Plan ("OGDP") permit application. The Kenosha OGDP, which encompasses 69 wells on three pads in rural Weld County, Colorado, marks an important next step as PDC further increases its permitted inventory by another rig year and solidifies drilling and completion activity well into 2024. The Company will soon have over 550 permits and drilled and uncompleted wells ("DUCs"). David Lillo, Senior Vice President of Operations, commented, "PDC has demonstrated its lead

DENVER, May 27, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today provided its updated 2022 guidance after closing the Great Western Petroleum acquisition earlier this month along with its updated multi-year outlook. The updated 2022 guidance is provided in the table below and shown comparatively to our initial pro forma projections provided earlier this year when the Company announced the acquisition. Updated 2022 Guidance Highlights      Initial Outlook on February 28, 2022Updated Guidance on May 26, 2022Operational  Total Oil and Gas Production (Mboe/d)225-240235-250Oil Production (Mbbl/d)74-8178-83Oil and Gas Capital Inves

DENVER, May 06, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (NASDAQ:PDCE) ("PDC" or the "Company") today announced that it has completed its acquisition of Great Western Petroleum, LLC ("Great Western"), a privately held company based in Denver. The acquisition was previously announced on February 28, 2022. The consideration paid was $543 million (less $50 million previously placed into escrow) and approximately 4 million shares of PDC common stock. In addition, the Company paid off the Great Western secured credit facility totaling $235 million and $312 million in principal amount of Great Western's 12% senior secured notes due 2025. Bart Brookman, President and Chief Executive Officer of

DENVER, Dec. 07, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a special dividend of $0.50 per share in addition to a quarterly cash dividend of $0.12 per share on PDC's outstanding common stock. The dividends are payable on December 29, 2021 to stockholders of record at the close of business on December 17, 2021. PDC's total 2021 shareholder returns, consisting of share repurchases and base dividend payments through November 30 and the anticipated dividend payments in December, equate to approximately $210 million. The Company maintains an active share repurchase program and expects to consistently re

DENVER, Nov. 01, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that it has given notice to U.S. Bank National Association (the "Trustee") that it will redeem the remaining $102,324,000.00 in aggregate principal amount of its 6.250% Senior Notes due 2025 (the "Notes") on December 1, 2021. The redemption price for the Notes will be equal to 103.125% of the principal amount thereof plus accrued and unpaid interest, pursuant to the Indenture, dated as of November 29, 2017, among PDC (as successor to SRC Energy Inc.) and the Trustee. Interest on the Notes will cease to accrue on and after the redemption date. Additional information concerning

DENVER, Oct. 06, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Company's Spinney Oil & Gas Development Plan (OGDP) permit application. The Spinney, an eight-well pad in rural Weld County, Colorado, marks PDC's first approved permit under the new rules, which were enacted in January 2021. As of September 30, and inclusive of the Spinney OGDP, PDC's estimated combined approved permits and drilled but uncompleted wells (DUCs), reflect all projected turn-in-line activity through 2023. President and CEO Bart Brookman commented, "The approval of our first OGDP under the

DENVER, Oct. 04, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that is has given notice to U.S. Bank National Association (the "Trustee") that it will redeem $200 million in aggregate principal amount of its 6.125% Senior Notes due 2024 (the "Notes") on November 3, 2021. The redemption price for the Notes will be equal to 101.531% of the principal amount thereof plus accrued and unpaid interest, pursuant to the Indenture, dated as of September 15, 2016, among PDC and the Trustee. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for red

DENVER, Sept. 22, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced publication of its 2021 Sustainability Report, highlighting the Company's continued efforts and commitments to responsibly developing oil and natural gas. The report highlights the Company's goal of increased transparency and accountability, while further aligning with the Sustainability Accounting Standards Board (SASB) and other frameworks. Further, it includes new data points identified as material by the Company and its stakeholders, including year-over-year emissions performance, reductions in flaring intensity, a heightened focus on corporate diversity and inclusion and

DENVER, Aug. 25, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share on PDC's outstanding common stock. The dividend is payable on September 22, 2021 to stockholders of record at the close of business on September 8, 2021. About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focus

DENVER, July 08, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss second quarter 2021 operating and financial results. The Company plans to issue its news release after market close on Wednesday, August 4, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, August 5, 2021 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 7659173Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 International:

DENVER, May 27, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share on PDC's outstanding common stock. The dividend will be paid on June 24, 2021 to stockholders of record at the close of business on June 10, 2021. "We are excited to begin a new era for PDC and its shareholders," said Bart Brookman, President and CEO. "We welcome the opportunity to return cash to shareholders and believe our continued focus on debt reduction and share repurchases should position us to sustainably grow our dividend over time." About PDC Energy, Inc. PDC Energy, Inc. is a domestic

DENVER, April 12, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss first quarter 2021 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 5, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, May 6, 2021 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 1178458Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-2056 International: 1-404

DENVER, Feb. 22, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that it has appointed Diana L. Sands to its board of directors on February 18, 2021. Ms. Sands brings over 30 years of experience in complex and dynamic environments to PDC, having held senior executive finance and governance positions across multiple industries. Ms. Sands most recently served as Executive Officer and Senior Vice President, Office of Internal Governance and Administration at The Boeing Company, a position she retired from in 2020. Further, the Board determined that it will nominate Carlos A. Sabater for election at its upcoming 2021 Annual Meeting of Stockhold

DENVER, Jan. 29, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and year-end 2020 operating and financial results. The Company plans to issue its news release after market close on Wednesday, February 24, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast:Date/Time: Thursday, February 25, 2021 at 11:00 a.m. ETDomestic (toll free): 877-312-5520 International: 1-253-237-1142 Conference ID: 7896168Webcast: available at www.pdce.com Replay Information:Domestic (toll free): 855-859-