PDC Energy (PDCE) Misses Q3 EPS by 8c

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Go back to PDC Energy (PDCE) Misses Q3 EPS by 8c

PDC Energy Reports 2015 Third Quarter Financial and Operating Results and Production Increase of 84% to 4.3 Million Barrels of Oil Equivalent

November 5, 2015 8:01 AM EST

DENVER, November 5, 2015 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC", the "Company," "we" or "us") (NASDAQ: PDCE) today reported its 2015 third quarter financial and operating results.

2015 Third Quarter Highlights

Net cash from operating activities increased 94% to $136.5 million; exceeded capital expenditures of $130.9 million.   Production of 47,017 Boe per day; 84% increase compared to the third quarter of 2014 and 27% growth compared to the second quarter of 2015.   Crude oil production of 21,824 Bbls per day; 87% increase compared to the third quarter of 2014 and 26% growth compared to the second quarter of 2015.   Lease operating expense of $2.87 per Boe;... More