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A&D - PDC doubles down on DJ with $1.7B SRC Energy acquisition - August 2019
Casting a vote of confidence for the future of oil and gas production in Colorado, PDC Energy announced an all-stock deal to acquire fellow mid-cap DJ Basin producer SRC Energy. Including the assumption of SRC’s $685 million net debt, the purchase is valued at $1.7 billion. The deal will increase PDC’s Wattenberg field footprint 90% to 182,000 net acres, all in Weld County and boost its net production from the field 58% to 166,000......
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