PDC Energy (PDCE) Reports Q2 Loss of $1.28, Revenues Beat

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Go back to PDC Energy (PDCE) Reports Q2 Loss of $1.28, Revenues Beat

PDC Energy Announces 2018 Second Quarter Operating and Financial Results Including Total Production of 9.4 Million Barrels of Oil Equivalent; Updates 2018 Production and Financial Guidance

August 8, 2018 4:20 PM EDT

DENVER, Aug. 08, 2018 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2018 second quarter operating and financial results, as well as updated its full-year 2018 production and financial guidance.

Second Quarter 2018 Highlights

Production of 9.4 million barrels of oil equivalent (MMBoe), or approximately 103,000 barrels of oil equivalent (Boe) per day, representing a year-over-year increase of 20 percent from Wattenberg and Delaware basin operations.Oil production of 3.9 million barrels (MMBbls), a 25 percent increase year-over-year from Wattenberg and Delaware basin operations.Delaware basin production averaged approximately 25,000 Boe per day, a... More