PDC Energy Inc

PDC Energy, Inc. engages in the exploration and production of oil and natural gas. The firm acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was founded in 1969 and is headquartered in Denver, CO.

Earnings data Q1 2024

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The Company places a strong emphasis on organic growth through active horizontal drilling programs. PDC's operations include exploration, development, production and marketing of oil and natural gas. Total 2012 net production for the Company consisted of 65% natural gas, most of which was derived from the Colorado region, and 35% crude oil and NGLs. The Company, however, expects 2013 production to consist of 54% crude oil and NGLs, and 46% natural gas.

Chevron

Chevron announced Monday PDC Energy shareholders approved its purchase of the company, bolstering its U.S. oil and gas operations.

Chevron Closes PDC Deal On Shareholders' Nod; Oil Touches 10-Month High

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that its acquisition of PDC Energy, Inc. (NASDAQ: PDCE) has been completed following approval by PDC Energy shareholders. “We're pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron's president for Americas Exploration & Production. “Our companies have similar cultures, with a focus on safe and reliable operations, teaming to deliver results, and benefiting the communities where we opera.

Chevron Completes Acquisition of PDC Energy

Civitas Resources

Mergers and acquisitions (M&A) activity in the U.S. upstream oil and gas industry roared back in the 2nd quarter following a moribund first quarter.

Oil And Gas Merger Action Surges After A Dormant First Quarter

Apollo Global Management

Erie Indemnity

Penske Automotive Group

Univar

NEW YORK , Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Penske Automotive Group Inc. (NYSE: PAG) will replace Univar Solutions Inc. (NYSE: UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE: APO) acquired Univar Solutions in a deal that closed today.

Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400

PDC Energy (PDCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: PDC Energy (PDCE) Q2 Earnings Expected to Decline

Ovintiv

U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals.

US oil M&A jumps as private equity unloads shale assets

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PDC Energy, Inc. (NasdaqGS: PDCE) to Chevron Corporation (NYSE: CVX). Under the terms of the proposed transaction, shareholders of PDC will receive 0.4638 shares of Chevron for each share of PDC that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, o.

PDC ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PDC Energy, Inc. - PDCE

Equitrans Midstream

Range Resources

Equitrans, EQT, Range Resources, Civitas, and PDC Energy are all bucking the slump in oil and gas stocks this year.

Energy Stocks Have Had a Rough Year, but These 5 Are Rising

Baker Hughes Co

Halliburton

NexTier Oilfield Solutions Inc

Patterson-UTI Energy

Schlumberger

Weatherford International PLC

Energy Select Sector SPDR Fund

It's sometimes said that markets can turn on a dime. That seemed to have happened with the energy sector, which was the huge 2022 winner, but the Energy Select Sector SPDR Fund NYSEARCA: XLE is down 7.56% so far in 2023, lagging behind all other sectors.

Oilfield Services Growing Faster Than Wider Energy Sector

Chevron is buying PDC Energy. The core reason for the purchase is to increase the energy giant's oil reserves.

1 Massively Overlooked Benefit to Chevron's Acquisition of PDC

Chevron Corporation (NYSE:CVX)'s planned acquisition of PDC Energy Inc is another example of the company effectively using its premium multiple to acquire companies, analysts at RBC Capital Market said as they upgraded the stock to ‘Outperform'. What's more, it is purchasing a company trading at a materially higher free cash flow (FCF) multiple, driving accretion across key metrics, the analysts wrote in a client note.

Chevron's PDC Energy acquisition adds to ‘Outperform' case, says broker

Chevron's acquisition of PDC Energy highlights the valuation differences that give Chevron a shopping advantage. The positive reaction of the market to the acquisition announcement may mark a coming change in market attitudes towards these acquisitions. The Chevron acquisition appears to be bolt-on but the two operations are large enough that the usual bolt-on synergies may not be that large.

Chevron Deal For PDC Energy Shows The Valuation Gap

Chevron's latest acquisition is yet another demonstration of the financial discipline that has made the company the best-performing supermajor this century.

Chevron's PDC Energy Acquisition Signals Confidence

DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023.

PDC Energy Declares Quarterly Cash Dividend on Common Shares

Chevron stock is down 9.6% in May as analysts revised their opinion on the U.S. energy giant after the news of the $6.3 billion deal for PDC Energy. The post Chevron Stock Upgraded To A Buy After $6 Billion PDC Energy Deal appeared first on Investor's Business Daily.

Chevron Stock Upgraded To A Buy After $6 Billion PDC Energy Deal

NEW YORK , May 22, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by PDC Energy, Inc. (NASDAQ: PDCE) and its board of directors concerning the proposed acquisition of the company by Chevron Corporation (NYSE: CVX). Stockholders will receive 0.4638 shares of Chevron common stock for each share of PDC Energy stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PDC Energy, Inc.

Oil and gas giant Chevron (NYSE: CVX ) — one of the world's supermajors — generated headlines Monday morning when it announced the acquisition of shale producer PDC Energy (NASDAQ: PDCE ), sending shares up over 8%. However, CVX stock wasn't so lucky, losing about 1% in the early afternoon hours.

CVX Stock Alert: Chevron Acquires PDC Energy in $6.3 Billion Deal

PDC Energy shares (PDCE) are jumping after Chevron (CVX) announced an agreement to buy the energy exploration and production company for $6.3 billion.

Chevron to Acquire PDC Energy, Sending Its Shares Soaring

Chevron Corp.'s plan to buy PDC Energy Inc. in a $6.3 billion deal, or $7.6 billion when including debt, has a few unexpected turns for Wall Street.

Chevron, PDC Energy deal holds a few surprises for Wall Street

MILWAUKEE , May 22, 2023 /PRNewswire/ -- Ademi LLP is investigating PDC (NASDAQ: PDCE) for possible breaches of fiduciary duty and other violations of law in its transaction with Chevron.  Click here to learn how to join the action https://www.ademilaw.com/case/pdc-energy-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether PDC Energy, Inc. has obtained a Fair Price in its transaction with Chevron

Chevron Corp revealed that it would acquire PDC Energy Inc (NASDAQ:PETD) in an all-stock deal for $6.3 billion, including debt, bolstering the energy company's position in key US production basins. The San Ramon, California-based oil and gas giant said that it would issue 0.4638 Chevron shares, worth $72 based on Friday's closing price of $155.23, for each share of Denver-based PDC.

Chevron to buy PDC Energy in $6.3 billion all-stock deal

The deal would boost the energy company's ownership in the largest U.S. oil field and in the Denver-Julesburg Basin.

Chevron to Buy PDC in $6.3 Billion Stock Swap

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of PDC Energy, Inc. (NASDAQ: PDCE) to Chevron Corporation for 0.4638 shares of Chevron for each PDC share is fair to PDC shareholders. Halper Sadeh encourages PDC shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether PD.

PDCE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of PDC Energy, Inc. Is Fair to Shareholders

Chevron Corp. CVX, +0.79% announced Monday an agreement to buy Colorado-based oil and gas producer PDC Energy Inc. PDCE, +0.25% in an all-stock deal valued at $6.3 billion, or $7.6 billion when including debt. PDC's stock was halted for new until 8:30 a.m.

Chevron to buy PDC Energy in an all-stock deal valued at $6.3 billion, at premium of nearly 11%

'PDC's attractive and complementary assets strengthen Chevron's position in key U.S. production basins,' says Chevron Chairman and CEO Mike Wirth in a statement.

News for PDC Energy Inc Stock (PDCE)