Stock Report: PDC Energy Inc (PDCE) Report Updated: May 20, 2013 | Print This Page

PDC Energy, Inc. engages in the acquisition, exploration, development, production, and marketing of natural gas, natural gas liquids, and crude oil in the United States. The company operates in two segments, Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to marketers, utilities, industrial end-users, and other wholesale purchasers; crude oil to oil marketers and refiners; and natural gas liquids. The Gas Marketing segment purchases, aggregates, and sells natural gas in the eastern operating region; and purchases natural gas produced by third party producers for resale. This segment markets natural gas to third party marketers and natural gas utilities, as well as to industrial and commercial customers. As of June 30, 2012, it owned interest in approximately 7,300 gross wells located primarily in the Appalachian Basin, Wattenberg Field, northeast Colorado, and Piceance Basin. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 1969 and is headquartered in Denver, Colorado.