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PDC Energy history
PDC Energy company history timeline
In 1999, the Company greatly expanded its range of operations by entering the Wattenberg Field and Piceance Basin of Colorado as well as other basins, where the Company continued to focus on developing low-risk, predominately natural gas focused assets.
The Company acquired key liquid-rich assets in the core Wattenberg in 2012 for approximately $305 million, including net production of ~2,800 Boe per day and 30,000 net acres, and also acquired approximately 67,000 net acres in the condensate and wet-gas windows of the emerging Utica Shale play.
PDC completed its transition to a higher-valued, liquids focused portfolio in 2014, by divesting its dry gas Marcellus joint venture assets in Appalachia.
In 2019, the Company announced the strategic acquisition of SRC Energy in an all-stock transaction valued at approximately $1.7 billion.
As of year-end 2021, the Company’s had approximately 25,000 net acres.
The Company’s year-end 2021 inventory consists of approximately 1,800 gross locations in the Wattenberg Field and 65 gross locations in the Delaware Basin.
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PDC Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Antero Resources | 2002 | $4.3B | 519 | 4 |
| Civitas Resources | 1999 | $3.5B | 322 | 9 |
| EOG Resources | 1985 | $23.7B | 2,900 | 90 |
| Tallgrass Energy | 2012 | $655.9M | 569 | - |
| Chaparral Energy | 1988 | $236.3M | 100 | - |
| Merit Energy | 1989 | $2.1B | 679 | - |
| Mewbourne Oil Co | 1965 | $500.0M | 150 | 8 |
| Cimarex Energy Co. | 2002 | $1.6B | 747 | - |
| Swift Energy Company | - | $2.7M | 125 | - |
| SandRidge Energy | 2006 | $125.3M | 270 | - |
PDC Energy history FAQs
Zippia gives an in-depth look into the details of PDC Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PDC Energy. The employee data is based on information from people who have self-reported their past or current employments at PDC Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PDC Energy. The data presented on this page does not represent the view of PDC Energy and its employees or that of Zippia.
PDC Energy may also be known as or be related to PDC ENERGY INC., PDC Energy, PDC Energy Inc, PDC Energy, Inc. and Pdc Energy, Inc.