PDC Energy (PDCE) Tops Q1 EPS by 75c

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Go back to PDC Energy (PDCE) Tops Q1 EPS by 75c

PDC Energy Announces 2017 First Quarter Operating and Financial Results Including Production Increase of 46% to 6.6 Million Barrels of Oil Equivalent

May 5, 2017 8:00 AM EDT

DENVER, May 05, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2017 first quarter operating and financial results.

First Quarter 2017 Highlights

Production of 6.6 million barrels of oil equivalent ("MMBoe"), a 46 percent increase year-over-year; daily production of approximately 73,865 barrels of oil equivalent ("Boe").  Turned-in-line 43 gross operated wells consisting of 29 wells with lateral lengths in excess of one mile, including two 2-mile lateral wells in the Delaware Basin. Lease operating expenses (LOE) of $2.98 per Boe, an 11% decrease year-over-year. Liquidity of... More