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A&D - Colorado’s PDC and SRC reportedly mull potential merger - August 2019
While most of the industry buzz around shale consolidation has recently centered on the Permian, Colorado could soon see its own large-scale unconventional business combination. Unnamed sources told Bloomberg that PDC Energy is in talks with DJ Basin-focused SRC Energy about potential merger. PDC’s shares rose less that 1% to close at $26.16/share on the Aug. 6 date of the Bloomberg report, giving it a $1.7 billion market capitalization, while SRC’s shares dropped 1.7% to $3.97, valuing the company at......
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