PDC Energy Inc (PDC Energy) is an oil and gas company that explores, develops, produces and markets of crude oil, natural gas and natural gas liquids. The company provides horizontal drilling and low-risk organic development of oil and natural gas reserves from shales and tight reservoir rocks. It owns and operates interests in gross productive wells. PDC Energy also offers Codell development in the liquid-rich Wattenberg fields. The company transports natural gas and crude oil through pipelines. Its operating areas include Wattenberg Field in Colorado and the Delaware Basin in West Texas. PDC Energy is headquartered in Denver, Colorado, the US.
Headquarters
United States of America
Address
1099 18th Street, Suite 1500, Denver, Colorado, 80202
Website
www.pdce.com
Telephone
1 303 8605800
No of Employees
616
Industry
Energy and Utilities
Revenue (2022)
$3.8B
PDC Energy Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Exploration |
| Crude Oil | Horizontal Drilling Services |
| Exploration and Development |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Ownership Changes | In August, the company was acquired by Chevron Corporation. |
| 2022 | Regulatory Approval | In June, the company secured approval from Colorado Oil and Gas Conservation Commission for its Kenosha Oil & Gas Development Plan (“OGDP”) permit application. |
| 2022 | Acquisitions/Mergers/Takeovers | In May, the company completed the acquisition of Great Western Petroleum, LLC. |
Competitor Comparison
| Key Parameters | PDC Energy Inc | Coterra Energy Inc | Antero Resources Corp | Baytex Energy USA Inc | Goodrich Petroleum Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Denver | Houston | Denver | Houston | Houston |
| State/Province | Colorado | Texas | Colorado | Texas | Texas |
| No. of Employees | 616 | 981 | 604 | 136 | 39 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Barton R. Brookman | Chief Executive Officer; President; Director | Executive Board | 2015 | 60 |
| R. Scott Meyers | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 58 |
| Troy Welling | Chief Accounting Officer | Senior Management | 2022 | - |
| Ryan Robison | Director - Revenue Accounting | Senior Management | 2020 | - |
| Zachary Ries | Director - Operations Applications | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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