PDC Energy (PDCE) Misses Q3 EPS by 15c, Revenues Miss

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Go back to PDC Energy (PDCE) Misses Q3 EPS by 15c, Revenues Miss

PDC Energy Announces 2018 Third Quarter Operating and Financial Results Including Total Production of 10.1 Million Barrels of Oil Equivalent

November 5, 2018 4:30 PM EST

DENVER, Nov. 05, 2018 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2018 third quarter operating and financial results.

Third Quarter 2018 Highlights

Production of 10.1 million barrels of oil equivalent (MMBoe), or approximately 110,000 barrels of oil equivalent (Boe) per day, representing a year-over-year increase of 21 percent from Wattenberg and Delaware basin operations.Oil production of 4.3 million barrels (MMBbls), a 27 percent increase year-over-year from Wattenberg and Delaware basin operations.Delaware Basin oil price realizations equal to approximately 94 percent of NYMEX average pricing.

CEO Commentary

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