PDC Energy (ticker: PDCE) CEO Bart Brookman rang the Nasdaq opening bell today in celebration of PDC’s 40 years trading on Nasdaq. The company had numerous executives on site for the occasion at the Nasdaq MarketSite in Times Square. PDCE: a thumbnail PDC started off in Bridgeport, West Virginia, in 1969 as Petroleum Development Corporation. The company was focused on shallow
PDC Energy year-end proved reserves reach 341.4 MMBOE, $1.7 Billion PV-10, up 25% from 2015 Denver-based PDC Energy (ticker: PDCE) released an update on the company’s year-end production estimates and reserves. The press release put out by the company Wednesday said the company’s proved reserves at the end of 2016 increased 25% year-over-year, while production increased 44% during the same
Synergy will pursue further A&D opportunities in the DJ Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for $71 million. The divested acres are outside of its core Wattenberg development area in Colorado’s DJ Basin. The transaction is expected to close in
PDC Energy 2017 capital budget and growth both exceed analyst expectations Denver-based PDC Energy (ticker: PDCE) announced its capital budget and production plans for 2017 on Monday exceeding analyst expectations. According to the company’s press release, PDC plans to grow production more than 40% year-over-year with a capital budget of $725 million to $775 million. The budget is about 7%
PDC Energy, Inc. (ticker: PDCE) has appointed David Honeyfield its chief financial officer effective December 19, 2016. David Honeyfield was previously CFO for Jonah Energy in Denver. His previous experience includes six years at Intrepid Potash, where he served as president and CFO. Honeyfield served as CFO at SM Energy, controller and CAO at Cimarex Energy/Key Production Company, and Senior Audit Manager at Arthur Andersen. Honeyfield holds a BA in
PDC: Ready to Integrate and Develop Permian Assets in 2017 PDC (ticker: PDCE) CEO Bart Brookman summarized Q3 as a “terrific” quarter for PDC on its 3Q earnings call today. Brookman called for increased production and activity going forward in both the company’s core Wattenberg and Delaware acreage. Third quarter production increased 39% year-over-year to 65,000 BOEPD, despite a 10%
Extraction expects net proceeds of roughly $594.1 million from IPO Extraction Oil & Gas, Inc. (ticker: XOG) announced yesterday the pricing of its initial public offering of 33,333,333 shares of its common stock at $19.00 per share. Extraction was initially offering the shares at an estimated price range of $15.00 to $18.00. The company’s shares began trading on the NASDAQ Wednesday, opening at $22.75. During
Synergy expects to drill 102 gross Wattenberg wells Synergy Resources (ticker: SYRG) announced its full-year 2017 production and capex guidance, as well as an operations update. Synergy has identified over 1,000 gross drilling locations with mid to long laterals (~7,500′ to ~9,500′) across its consolidated Greeley Crescent (GC) acreage position. Based on current analysis, 20 to 24 wells per drilling
Black Stone Minerals LP presents at EnerCom’s The Oil & Gas Conference® During Black Stone Minerals’ breakout session, management was asked the following questions: Could you talk about the risks that affect the business beyond the commodity price risk? Are there embedded tax consequences for investors to consider for ownership? How much of the property is Held by Production? How
PDC Energy (ticker: PDCE) will be presenting at The Oil and Gas Conference® 21 on Monday, August 15 at 3:30 PM EDT. PDC is a 40-year old independent E&P company operating in the Wattenberg filed in Colorado and in the Utica Shale play in Ohio. Its operations are focused in the liquids-rich horizontal Niobrara and Codell plays and the condensate
Anadarko will present at EnerCom’s The Oil & Gas Conference® 21 on Tues. Aug. 16, 2016 at 4:45 pm EST. Anadarko Petroleum (ticker: APC) is an exploration and production company headquartered in The Woodlands, Texas. Anadarko has operations in the United States, Gulf of Mexico, Africa, South America, and New Zealand. As of December 31, 2015, the company had approximately
Synergy Resources Corp. will present at EnerCom’s The Oil & Gas Conference® on Mon. Aug. 15, 2016 Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company operating in the Denver-Julesburg Basin of Northern Colorado. All production to date comes from 86 gross horizontal wells and ownership interest in 409 net producing wells on
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