PDC Energy (PDCE) Tops Q4 EPS by 14c

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Go back to PDC Energy (PDCE) Tops Q4 EPS by 14c

PDC Energy Announces 2016 Full-Year and Fourth Quarter Operating and Financial Results; Production Increase of 44 Percent to 22.2 MMBoe

February 28, 2017 8:04 AM EST

DENVER, Feb. 28, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2016 full-year and fourth quarter operating and financial results.

2016 Highlights

Closed on the transformative acquisitions (the Acquisitions) of approximately 62,500 net acres in the Core Delaware Basin in Reeves and Culberson Counties, Texas.  Increase in proved reserves of 25% to 341 million barrels of oil equivalent (MMBoe), with all-sources reserve replacement of 409%, driven in large part by the strategic acreage trade in Wattenberg.     Full-year capital investments, including Delaware Basin activity, of $399.9 million, a 28%... More