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PDC Energy Announces Year-End 2016 Proved Reserves of Approximately 341 MMBoe and Full-Year 2016 Production Increase of 44% to 22.2 MMBoe

Feb 01, 2017 - GlobeNewswire

DENVER, Feb. 01, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC," the "Company," "we" or "us") (NASDAQ:PDCE) today reported year-end 2016 proved reserves and full-year production.

Year-end 2016 proved reserves of 341.4 million barrels of oil equivalent ("MMBoe"), an approximate 25% increase over year-end 2015 proved reserves with estimated all-sources reserve replacement of 409%(1). 

Estimated 2016 production of 22.2 MMBoe, a 44% increase over 2015.  

Increased the aver...