PDC Energy (PDCE) Misses Q1 EPS by 22c
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PDC Energy Reports 2015 First Quarter Operating and Financial Results; Production Increased 41% to 2.9 Million Barrels of Oil Equivalent
May 7, 2015 8:30 AM EDTDENVER, May 7, 2015 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC", the "Company," "we" or "us") (Nasdaq: PDCE) today reported its 2015 first quarter financial and operating results.
2015 First Quarter Highlights
Production of 32,162 Boe per day; 41% increase year-over-year and 15% growth compared to fourth quarter of 2014. Crude oil production of 14,519 Bbls per day; 25% increase year-over-year and 16% growth compared to fourth quarter of 2014. Spud 34 gross operated wells and turned in line 20 gross operated wells. Completed equity offering of approximately four million shares with net proceeds of approximately $203 million. $700 million borrowing... More