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HomePDC Energy

PDC Energy

Chevron Chairman and CEO Mike Wirth
Big Oil Companies

Chevron PDC Deal About Addition, Not Substitution

May 28, 2023 Mariel Alumit

Oil and gas acquisitions in the era of capital discipline have often been a matter of “high-grading” portfolios by pushing out lower-return, more carbon-intensive assets. But Chevron CEO Mike Wirth tells Energy Intelligence that his firm’s agreed […]

Chevron
Big Oil Companies

Chevron to boost U.S. presence with $7.6 billion PDC Energy buy

May 22, 2023 Mariel Alumit

May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc (PDCE.O) in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. […]

PDC Energy to buy Great Western Petroleum in a cash-and-stock deal valued at $1.3 billion
M & A

PDC Energy to buy Great Western Petroleum in a cash-and-stock deal valued at $1.3 billion

February 28, 2022 Mariel Alumit

PDC Energy Inc. PDCE, 15.55% announced Monday an agreement to buy Great Western Petroleum LLC, a Denver-Julesburg Basin operator, in a cash-and-stock deal valued at $1.3 billion. Oil and gas producer PDC said the acquisition will be […]

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