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PDC Energy Inc - Stock Quote PDCE

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Morningstar's PDC Energy Inc Stock Analysis

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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

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Key Statistics - PDCE

PDC Energy Inc's Company Profile

Business Description

PDC Energy is an exploration and production company in the crude oil, natural gas, and natural gas liquids industries. The company has an operation in the Wattenberg Field in Colorado and an operation in the Delaware Basin in Texas. The company remains flexible in terms of rig activity and capital deployment because of short-term rig contracts and held-by-production acreage. Through a technology focus, PDC implements multiwell drilling, extended laterals, increased frac stage density, enhanced frac design, and drilling efficiencies. The acquisition of SRC led to an increase in net acres to the company’s asset portfolio. Natural gas production is the biggest contributor to the company’s revenue, with production greatest in the Wattenberg Field.

Contact
1775 Sherman Street, Suite 3000
Denver, CO, 80203
T +1 303 860-5800
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 535