PDC Energy (PDCE) Launches $150 Million Tack-on Senior Notes Offering

PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq: PDCE) today announced that, subject to market conditions, the Company is commencing a registered offering of an additional $150 million aggregate principal amount of its existing 5.75% Senior Notes due 2026 (the “Existing Notes”). The Notes will be treated as a single series with the Existing Notes under the indenture governing the Existing Notes and will have the same terms as the Existing Notes (other than the initial offering price and the issue date). The Notes will have the same CUSIP number and will trade interchangeably with the Existing Notes. The Company expects the Notes and the Existing Notes to be fungible for U.S. federal income tax purposes

The Company intends to use the net proceeds from the offering for general corporate purposes, which may initially include repayment of amounts outstanding under its revolving credit facility.

BofA Securities, BMO Capital Markets, J.P. Morgan, TD Securities and Wells Fargo are acting as joint bookrunners for the offering. BBVA, CIBC Capital Markets, Citigroup, KeyBanc Capital Markets, PNC Capital Markets, Scotiabank and US Bancorp are acting as senior co-managers. Capital One Securities, Fifth Third Securities, Truist Securities, BOK Financial Securities, Inc., Comerica Securities, Credit Agricole CIB and TCB Capital Markets are acting as co-managers.

The offering is being made pursuant to an effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to:

BofA SecuritiesNC1-004-03-43200 North College Street, 3rd FloorCharlotte, NC 28255-0001Attn: Prospectus Department[email protected]

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