PDC Energy (PDCE) Misses Q2 EPS by 14c

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PDC Energy Reports 2015 Second Quarter Operating and Financial Results and Updates 2015 Guidance; Increases 2015 Production Range to 14.7 to 15.0 Million Barrels of Oil Equivalent

August 10, 2015 8:00 AM EDT

DENVER, August 10, 2015 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC", the "Company," "we" or "us") (NASDAQ: PDCE) today reported its 2015 second quarter financial and operating results and updated its 2015 full-year guidance.

2015 Second Quarter Highlights

Production of 37,001 Boe per day; 46% increase year-over-year and 15% growth compared to the first quarter of 2015. Crude oil production of 17,378 Bbls per day; 47% increase year-over-year and 20% growth compared to the first quarter of 2015. Spud 43 and turned-in-line 44 gross operated horizontal wells. In July 2015, Moody's and Standard & Poor's upgraded PDC's corporate debt rating to B1 and B+ respectively, reflecting... More