PDC Energy - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

PDC Energy M&A Summary

PDC Energy has acquired 3 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

PDC Energy’s largest acquisition to date was in 2019, when it acquired SRC Energy for $1.7B. It’s largest disclosed sale occurred in 2014, when it sold PDC Mountaineer to Arsenal Resources for $500M. PDC Energy has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

PDC Energy Ownership

Who owns PDC Energy?

PDC Energy is owned by Chevron. It was acquired on May 22, 2023.

PDC Energy Business Overview

Where is PDC Energy headquartered?

PDC Energy is headquartered in Denver, Colorado.

What is PDC Energy’s revenue?

PDC Energy disclosed revenue of 4,297M USD for 2022 and 2,553M USD for 2021.

How many employees does PDC Energy have?

PDC Energy has 520 employees.

What sector is PDC Energy in?

PDC Energy is an oil/gas exploration company.

When was PDC Energy founded?

PDC Energy was founded in 1969.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

PDC Energy

PDC Energy, Inc.

1775 Sherman Street, Suite 3000,
Denver, Colorado 80203
United States,
(303) 860-5800
www.pdce.com

PDC Energy is a natural gas company. PDC maintains a balanced liquids to natural gas portfolio through horizontal drilling while maintaining a solid balance sheet and ample liquidity. PDC Energy was founded in 1969 and is based in Denver, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - 1 - - 3
vol $1.7B $543M $2.2B
Sell (0.0/yr) # 1 - - - - - 1
vol $500M $500M
  4

Most Recent M&A

Company Date Value Type
Great Western Petroleum LLC 2022-05-06 543M USD Add-on Acquisition
Denver, Colorado · www.greatwesternpetroleum.com
SRC Energy, Inc. 2019-08-26 1.7B USD Add-on Acquisition
Denver, Colorado · www.srcenergy.com
PDC Mountaineer LLC 2014-10-15 500M USD Trade Sale
Bridgeport, West Virginia
PDC Mountaineer LLC 2009-10-12 - Joint Venture
Bridgeport, West Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 2.2B (100%) 1 (100%) 500M (100%)
Total 3 $2.2B 1 $500M

By Geo

State/Country Buy Value Sell Value
United States 3 2.2B 1 500M
  Colorado 2 2.2B - -
  West Virginia 1 - 1 500M
Total 3 $2.2B 1 $500M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $1.7B
$100M to $1B 1 $543M
TOTAL $2.2B
Largest SRC Energy, Inc.
$1.7B (2019-08-26)
sell # Total
$100M to $1B 1 $500M
TOTAL $500M
Largest PDC Mountaineer LLC
$500M (2014-10-15)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

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