PDC Energy Inc Analysis & Company Information – GlobalData

2022-05-09 12:25:54 UTC | Energy & Power
PDC Energy Inc Analysis & Company Information – GlobalData

PDC Energy Inc: Overview

Founded in 1969, PDC Energy is an independent exploration and production company focused on responsible development of natural resources in some of the most prolific oil and gas regions in the United States, specifically in the core of the Wattenberg Field in Colorado and the Delaware Basin in West Texas.

Key highlights:

The Company’s proved reserves have steadily grown to approximately 814 MMBoe as of year-end 2021. The reserves are comprised of about 56% crude oil and natural gas liquids. The Company’s year-end 2021 inventory consists of approximately 1,800 gross locations in the Wattenberg Field and 65 gross locations in the Delaware Basin.  The Company exited 2021 with approximately 145 drill-uncompleted (DUC) wells and approximately 230 fully approved permits in Wattenberg, both of which are included in its inventory count.

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