PDC Energy
PDC Energy is an independent exploration and production company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs). The company operates primarily in the Wattenberg Field in Colorado, where it focuses on horizontal drilling in the Niobrara and Codell plays, as well as in the Delaware Basin in West Texas, concentrating on the horizontal Wolfcamp zones. PDC Energy emphasizes organic growth through active drilling programs and has transitioned its production mix over the years, expecting a greater proportion of crude oil and NGLs in its output. The company is committed to efficiently managing its resources to enhance production capabilities while navigating the complexities of the energy market.
SRC Energy Inc., founded in 2005 and based in Denver, Colorado, was an oil and natural gas company that focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. The company primarily operated in the Wattenberg Field within the Denver-Julesburg Basin in Colorado. As of December 31, 2018, SRC Energy reported net proved reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids, while managing 985 net producing wells across 95,200 gross and 86,200 net acres under lease. In January 2020, SRC Energy was acquired by PDC Energy, marking the end of its independent operations.
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