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Royalty Owner

About PDC Energy

Corporate Strategy | Print |

Long-Term Growth Strategy:

Generate shareholder 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 – growing its production, reserves and cash flow from its high-value, horizontal drilling programs in the Wattenberg Field and the Delaware Basin that was acquired in December 2016. The Company is focused on maintaining its strong balance sheet and conservative debt metrics, especially in a continued low commodity price environment. PDC is well positioned to deliver value from its organic growth focus:

  • Substantial Long-Life Reserves
    • 273 MMBoe proved reserves as of year-end 2015; primarily in Wattenberg; equates to a reserve life index of over 15 years based on 2015 production of 15.4 MMBoe
    • Significant operational control with leases primarily held-by-production

  • Resilient Drilling Program in the Wattenberg Field 
    • Core Wattenberg is a top-tier economic rate-of-return field in the U.S. Onshore
    • PDC is the 3rd largest leaseholder and producer in Wattenberg
    • Core 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
    • Core Wattenberg projects have sufficient, 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, & C zones
    • Begin testing downspacing in Wolfcamp and drilling additional horizons (Avalon, 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