$PDCE (PDC Energy, Inc.)

$PDCE {{ '2016-08-11T05:08:54+0000' | timeago}} • Announcement

$PDCE's 2Q16 CapEx, excluding carry-over of expenses related to prior periods, were $107.5MM versus $176.4MM for 2Q15. Net cash from operating activities rose 50% to $96.6MM and adjusted cash flows from operations grew 16% to $112.6MM in the quarter.

$PDCE {{ '2017-05-05T16:07:41+0000' | timeago}} • Webcast

$PDCE said that on G&A, which came down QonQ, the company's guidance range currently is $3.25-3.60 per BOE for the full year. Therefore, the company is expecting to see that trend down as it is adding a lot of headcount.

$PDCE {{ '2017-05-05T15:40:27+0000' | timeago}} • Webcast

Region-wise for rest of year and 2018, $PDCE stated that for spuds, it has 31 wells for the year and 22 of those are going to be in the Eastern area where the company has most understanding of the economics and highest return. Currently, $PDCE's all four rigs are running in that one area.

$PDCE {{ '2017-05-05T12:23:40+0000' | timeago}} • Announcement

$PDCE expects 2017 production to be within top-third of its prior forecast of 30-33 MMBoe with 2017 capital investments expected to be in the top half of its $725-775MM range. Also, $PDCE plans to pursue 2017 divestiture of it Utica Shale asset in order to provide additional focus to premier Core Wattenberg and Delaware Basin assets.

$PDCE {{ '2017-05-05T12:22:04+0000' | timeago}} • Announcement

$PDCE swung to a profit in 1Q17 from a loss last year, on increase in crude oil, natural gas and NGLs sales as well as the impact of the change in the fair value of derivatives. Net income was $46.15MM or $0.70 per share compared to a loss of $71.53MM or $1.72 per share a year ago. Revenue grew to $273.71MM from $90.83MM.

$PDCE {{ '2017-01-05T17:49:59+0000' | timeago}} • Announcement

$PDCE said that it closed the acquisition of approx. 4,500 net acres in Reeves and Culberson Counties, Texas, on Dec. 30, 2016, from Fortuna Resources Holdings, for approx. $118MM in cash. $PDCE expects the acquired acreage contains 75 gross one-mile horizontal drilling locations, based on 4 wells per section in each of the Wolfcamp A, B & C zones.

$PDCE {{ '2016-12-07T11:39:54+0000' | timeago}} • Announcement

$PDCE said it closed core Delaware Basin acquisition for approx. $1.5Bil, with about 57,000 net acres in Reeves and Culberson Counties, Texas, subject to ongoing title review. Total capital spend in the Delaware in FY17 is expected to be approx. $235MM, of which about $185MM is allocated to spud 28 wells and turn-in-line 19 wells.

$PDCE {{ '2016-12-01T15:47:32+0000' | timeago}} • Announcement

$PDCE appointed David Honeyfield to the position of CFO and SVP where he will be responsible for financial, accounting, and treasury functions as well as other related duties. Honeyfield's appointment is effective Dec. 19, 2016.

$NBL {{ '2016-11-02T16:25:51+0000' | timeago}} • Webcast

$NBL said it completed the acreage trade with $PDCE, expanding its Wells Ranch position by about 20%. The company got approx. 11,700 net acres in Wells Ranch in exchange for about 13,500 net acres in the Bronco area.

$PDCE {{ '2016-09-15T18:48:59+0000' | timeago}} • Announcement

$PDCE closed its previously announced offering of $400MM principal amount of 6.125% senior unsecured notes due 2024. The company intends to use the net proceeds to fund a portion of the cash consideration payable in the previously announced acquisition of two privately held companies and for general corporate purposes.

$PDCE {{ '2016-09-13T11:01:32+0000' | timeago}} • Announcement

$PDCE said it has priced $400MM of 6.125% senior notes due 2024. The offering is expected to close on or about Sept. 15. Company intends to use net proceeds to fund a part of the cash consideration payable in the acquisition of 2 privately held companies managed by Kimmeridge Energy, to pay related fees and expenses, and for corporate purposes.

$PDCE {{ '2016-09-12T15:39:31+0000' | timeago}} • Announcement

Energy company $PDCE is planning a private offering of $400MM in aggregate principal amount of its senior unsecured notes due 2024. $PDCE intends to use the proceeds to fund a portion of the cash consideration payable in the acquisition of two companies managed by Kimmeridge Energy Management Company and for general corporate purposes.

$PDCE {{ '2016-09-09T12:41:09+0000' | timeago}} • Announcement

$PDCE priced concurrent underwritten public offerings of 7.9MM common shares for total gross proceeds of about $500MM and $175MM of convertible senior notes due 2021. J.P. Morgan, BofA Merrill Lynch, BMO Capital Markets and Wells Fargo Securities are serving as joint book-running managers. The offerings will close on or around Sept. 14.

$PDCE {{ '2016-09-08T20:42:52+0000' | timeago}} • Announcement

$PDCE plans to sell 6.5MM common shares and $100MM of its convertible senior notes due 2021 in concurrent underwritten public offerings. J.P. Morgan will serve as lead book-running manager. $PDCE will grant underwriters option for 30 days to buy up to an additional 975,000 common shares and $15MM of additional notes to cover over-allotments.

$PDCE {{ '2016-08-24T10:06:19+0000' | timeago}} • Announcement

In Delaware Basin, $PDCE plans to spud about 9 horizontal wells and expand some midstream infrastructure for expected total capital outlay of about $55-65MM in the remainder of 2016. Also, company is finishing completion operations on 2 horizontal wells and plans to operate 2 drilling rigs by year-end 2016.

$PDCE {{ '2016-08-24T10:06:02+0000' | timeago}} • Announcement

$PDCE's acquisition consideration includes about $915MM of cash and about 9.4MM common shares at about $590MM. Company intends to fund the cash part through equity and debt financings. $PDCE has secured financing from $JPM, bringing current liquidity to about $1.4Bil. Company is targeting a pro forma debt-to-EBITDAX of less than 2.5x.

$PDCE {{ '2016-08-24T10:04:23+0000' | timeago}} • Announcement

Exploration company $PDCE said it has signed deals to acquire 2 privately held companies managed by Kimmeridge Energy for about $1.5Bil. Deal includes about 57,000 net acres in Reeves and Culberson Counties, Texas with an average working interest of about 93%. The acquisition is expected to close in 4Q16.

$PDCE {{ '2016-08-11T05:08:54+0000' | timeago}} • Announcement

$PDCE's 2Q16 CapEx, excluding carry-over of expenses related to prior periods, were $107.5MM versus $176.4MM for 2Q15. Net cash from operating activities rose 50% to $96.6MM and adjusted cash flows from operations grew 16% to $112.6MM in the quarter.

$PDCE {{ '2016-08-11T05:08:05+0000' | timeago}} • Announcement

$PDCE has raised the mid-point of its 2016 production volume outlook by 40% to 21.5 MMBoe versus 2015, with an expected Dec. exit rate in excess of 64,000 Boe per day. CapEx is reduced to $400-420MM from previously guided $410-440MM. $PDCE expects net cash from operating activities of $440-465MM and adjusted cash flow from operations of $450-475MM.

$PDCE {{ '2016-08-11T05:03:02+0000' | timeago}} • Announcement

In 2Q16, $PDCE's total revenue fell 60.6% to $20.1MM versus $50.96MM in 2Q15. Crude oil, natural gas and NGLs sales grew 14.4% while sales from natural gas marketing fell 25.5% and commodity price risk management loss, net was $92.8MM versus loss of $49MM in 2Q15.

$PDCE {{ '2016-08-11T04:57:35+0000' | timeago}} • Announcement

Oil and gas company $PDCE reported 2Q16 net loss of $95.5MM or $2.04 per diluted share versus net loss of $46.9MM or $1.17 per diluted share in 2Q15, hurt by lower total revenue. Production grew 54% to 5.2 MMBoe or 57,112 Boe per day versus 3.4 MMBoe, or 37,001 Boe per day in 2Q15, mainly due to successful execution of the Wattenberg program.

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