PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) is an independent oil and natural gas company founded in 1969. PDC is focused on achieving organic growth and a balanced liquids to natural gas portfolio through horizontal drilling while maintaining a solid balance sheet and ample liquidity. The Company is committed to optimizing margins through efficient drilling operations, sound well management, and environmental stewardship.
PDC operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in West Virginia. PDC's strategy is simple: increase shareholder value through the growth of reserves and production, while operating properties in an efficient manner to maximize the cash flow and earnings potential of its assets. – less