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SRC Energy history
SRC Energy company history timeline
In 2009, PDC moved its corporate headquarters to Denver, Colorado.
In 2010, the Company implemented a liquids-rich growth strategy that focused on acquiring and developing assets capable of delivering much higher long-term value as compared to its then-existing dry natural gas-weighted portfolio.
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.
After drilling the company’s first operated horizontal well in May of 2013 approximately 10 miles north of Greeley Colorado, today SRC Energy operates over 200 horizontal wells in the DJ Basin and has more than 100 employees who all live and work in Colorado.
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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SRC Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Houston American Energy | 2001 | $560,180 | 2 | - |
| Approach Resources | 2002 | $114.0M | 99 | - |
| Comstock Resources | 1919 | $1.3B | 113 | - |
| Matador Resources | 2003 | $3.5B | 286 | 14 |
| EXCO Resources | 1955 | $394.0M | 153 | - |
| GMX Resources | 1998 | - | 203 | - |
| Royale Energy | 1986 | $1.6M | 10 | 57 |
SRC Energy history FAQs
Zippia gives an in-depth look into the details of SRC Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SRC Energy. The employee data is based on information from people who have self-reported their past or current employments at SRC 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 SRC Energy. The data presented on this page does not represent the view of SRC Energy and its employees or that of Zippia.
SRC Energy may also be known as or be related to SRC ENERGY INC., SRC Energy, SRC Energy Inc, SRC Energy Inc., SRC Energy, Inc. and Src Energy Inc.