16 September 2016
Energy Company of the Year - small cap, 2016: PDC Energy
Defying market performance, PDC has had a strong year, owing to a number of strategic manoeuvres that have allowed it to grow. Notably, agreements with a number of affiliates to utilise greater synergies has stamped out a clear and definitive path for companies of this size to move from strength to strength. One of the most significant moves for the firm this year was its agreement with Noble Energy to consolidate certain acreage positions in the Core Wattenberg field located in Weld County, Colorado. As part of the deal PDC expects to receive approximately 13,500 net acres from Noble in exchange for around 11,700 net acres. Bart Brookman, PDC’s President and CEO, said the agreement, “will e
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