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Royalty Owner

About PDC Energy

Corporate Strategy | Print |

Long-Term Growth Strategy:

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. Maintain a conservative and disciplined financial strategy which includes a strong balance sheet and debt metrics, abundant liquidity and a robust hedging program. Pursue various midstream, marketing and cost reduction initiatives designed to increase per unit operating margins.

Current Strategic Focus:

The Company places a strong emphasis on organic development by growing its production, reserves and cash flow from its high-value, horizontal drilling programs in the Wattenberg Field and the recently acquired Delaware Basin. The Company is focused on maintaining its strong balance sheet and conservative debt metrics, throughout commodity price cycles. PDC is well positioned to deliver value from its organic growth focus:

  • Substantial Long-Life Reserves
    • 453 MMBoe proved reserves as of year-end 2017, equates to a reserve life index of over 14 years based on 2017 production of 31.8 MMBoe
    • Significant operational control in both basins and leases in Wattenberg nearly 100% held-by-production

  • Resilient Drilling Program in the Wattenberg Field 
    • Core Wattenberg is a top-tier economic rate-of-return U.S. onshore field
    • PDC is the third largest leaseholder and producer in Wattenberg
    • Provides very repeatable and consistently strong drilling results
    • PDC is focused on driving additional capital efficiency through improved completion enhancements, extended reach laterals and consolidating acreage through trades
    • Projects have a well-developed, diversified and expanding third-party midstream and pipeline infrastructure to accommodate future volume growth

  • Development of Delaware Basin 
    • Significant drilling to target the Wolfcamp A, B, and C zones
    • Future downspacing tests in the Wolfcamp as well as testing additional horizons in the deeper Wolfcamp, the Avalon, and the Bone Spring
    • Pursue longer laterals, completion enhancements and expansion of drilling inventory
    • Build-out owned and operated midstream infrastructure

  • Talented Organization – Focused on Driving Results
    • 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, our environment, and corporate responsibility