Welcome to our dedicated page for Pdc Energy news (Ticker: PDCE), a resource for investors and traders seeking the latest updates and insights on Pdc Energy stock.
PDC Energy, Inc. (NASDAQ: PDCE) maintains its position as a growth-focused energy company through strategic development of its Wattenberg Field and Utica Shale assets. This comprehensive news hub provides essential updates for monitoring the company's operational progress, financial decisions, and commitment to sustainable energy practices.
Investors and analysts will find timely information on earnings reports, drilling advancements, and strategic partnerships that drive PDCE's value creation. The curated collection includes press releases covering production milestones, environmental initiatives, and balance sheet management crucial for evaluating the company's market position.
Regular updates highlight PDCE's focus on horizontal drilling efficiency, reserve growth strategies, and community engagement programs. Users can track how the company balances operational scale with environmental stewardship across its Colorado and Ohio assets.
Bookmark this page for structured access to PDCE's official communications and analysis of their impact on long-term shareholder value. Check back frequently to stay informed about developments affecting the company's performance in evolving energy markets.
PDC Energy appointed Diana L. Sands as a new independent director on February 18, 2021, bringing over 30 years of diverse experience. The board aims to nominate Carlos A. Sabater for election at the 2021 Annual Meeting, contributing nearly 40 years in various senior roles at Deloitte. This refresh represents nearly three-quarters of the board updated in five years, emphasizing diverse perspectives. Current directors Anthony J. Crisafio and Randy S. Nickerson will retire after serving significant terms, enhancing board independence, with expectations of eight directors post-meeting.
PDC Energy announced a conference call on February 25, 2021, to discuss its fourth quarter and year-end 2020 operational and financial results. The news release will be available after market close on February 24, 2021. The conference call will be accessible via toll-free and international numbers, with a dedicated conference ID. PDC Energy focuses on the exploration and production of oil and gas, with operations in Colorado's Wattenberg Field and Texas's Delaware Basin.
PDC Energy reported its Q3 2020 results, highlighting net cash from operations of approximately $280 million and adjusted cash flows from operations of about $260 million. Significant debt reduction occurred, with $215 million paid down, leaving total debt below $1.7 billion. The company achieved total production of 17.7 million Boe, averaging 192,000 Boe per day. PDC anticipates $350 million in adjusted free cash flow for the year and plans capital investments of approximately $110 million in Q4.
PDC Energy announced a conference call to discuss its Q3 2020 financial results on November 5, 2020, at 11:00 a.m. ET. The news release will be available post-market on November 4, 2020, on their website. Participants can join the call via toll-free numbers provided for both domestic and international callers. The company, focused on oil and gas exploration and production, operates primarily in the Wattenberg Field and Delaware Basin regions.
PDC Energy has announced the pricing of an additional $150 million in 5.75% Senior Notes due 2026 at 99.0% of face value, which includes accrued interest from May 15, 2020. The offering will close on September 15, 2020, subject to standard conditions. Proceeds are expected to be used for general corporate purposes, including repayment of revolving credit facility. The notes will share terms with existing notes and are expected to be fungible for tax purposes. Key underwriters include BofA Securities and J.P. Morgan.
PDC Energy is launching a registered offering of $150 million in additional 5.75% Senior Notes due 2026. These notes will be fungible and treated as a single series with existing notes, maintaining similar terms. Proceeds from the offering will be used for general corporate purposes, including repaying outstanding amounts under its revolving credit facility. The offering is supported by joint bookrunners such as BofA Securities and J.P. Morgan. The company is an independent exploration and production firm focused on oil, natural gas, and NGLs in Colorado and Texas.
PDC Energy announced its 2020 second quarter results, revealing net cash from operating activities of approximately $103 million and adjusted cash flows from operations of about $182 million. The Company projects over $300 million in free cash flow for the year, with capital investments reduced to $500-$550 million. Oil production estimates increased by 5% to a range of 64,000-68,000 barrels per day, while total production is expected between 175,000-185,000 Boe per day. Despite challenges, the CEO expressed confidence in the Company's adaptability and outlook.
PDC Energy, Inc. (Nasdaq: PDCE) announced a conference call scheduled for August 6, 2020, at 11:00 a.m. ET to discuss its second quarter 2020 operating and financial results. A news release will be issued after market close on August 5, available on their website. The call can be accessed domestically at 877-312-5520 and internationally at 1-253-237-1142, using conference ID 2517619. PDC Energy focuses on crude oil, natural gas, and NGLs in the Wattenberg Field of Colorado and the Delaware Basin in West Texas.
PDC Energy reported its Q1 2020 financial results, revealing a net loss of $466 million or $4.94 per diluted share, significantly higher than the previous year's loss. Total production was 16.8 million barrels of oil equivalent (Boe), while capital investments were approximately $260 million. The company anticipates 2020 capital expenditures between $500 million and $600 million, a 50% reduction from earlier projections. Despite challenges from the COVID-19 pandemic, PDC aims to generate over $125 million in free cash flow, while managing operational costs and maintaining liquidity.
