You have accessed this news story:
WS - PDC deepens 25% capex cuts to 50%, still targets FCF - April 28, 2020
In order to preserve its balance sheet strength, liquidity and ability to generate meaningful free cash flow, PDC Energy lowered 2020 capex guidance on April 14 to a range of $500-600 million, down 50% compared to the initial target of $1.0-1.1 billion. PDC anticipates generating $100 million in free cash flow, assuming $25/bbl WTI and $2.00/MMbtu Henry Hub. The April 14 reductions follow a March 11 announcement that the company was cutting capex 20-25%......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!