PDC Energy’s long-term growth strategy is to 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. Maintaining a conservative and disciplined financial strategy, which includes a strong balance sheet and solid debt metrics, abundant liquidity and a robust hedging program is critical to our success. Additionally, we constantly pursue various midstream, marketing and cost reduction initiatives designed to increase per unit operating margins.

Current Strategic Focus:

At PDC, we place a strong emphasis on organic development by growing our production, reserves and cash flow from our high-value, horizontal drilling programs in the Wattenberg Field and the Delaware Basin. Our focus is on maintaining its strong balance sheet and conservative debt metrics, throughout commodity price cycles.

  • 545 MMBoe proved reserves as of year-end 2018, equates to a reserve life index of over 13 years based on 2018 production of 40.2 MMBoe
  • Significant operational control in both basins and leases in Wattenberg nearly 100% held-by-production
  • The Core Wattenberg is a top-tier economic rate-of-return U.S. onshore field.
  • PDC is the third largest leaseholder and producer in the Wattenberg Field, which provides very repeatable and consistently strong drilling results.
  • We are focused on driving additional capital efficiency through improved completion enhancements, extended reach laterals and consolidating acreage through trades.
  • Our projects have a well-developed, diversified and expanding third-party midstream and pipeline infrastructure to accommodate future volume growth.
  • Significant drilling to target the Wolfcamp A, B, and C zones
  • Pursuit of longer-lateral drilling, completion enhancements and expansion of our drilling inventory
  • Future downspacing tests planned in the Wolfcamp as well as additional tests in the deep Wolfcamp, Avalon and Bone Spring horizons
  • 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, environment, and corporate responsibility

CORPORATE STRATEGY

Long Term Strategy and Current Focus

MANAGEMENT TEAM

Senior Management

COMPANY HISTORY

Four Decades of Profitable Growth

COMMUNITY AND CULTURE

Our Philosophy