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WS - Wattenberg-focused PDC and SRC to unite in $1.7 billion deal - August 27, 2019
PDC Energy entered an agreement to acquire SRC Energy for $1.7 billion, with consideration in the form of $1.015 billion in stock and the assumption of $685 million in debt. The addition of SRC’s assets will increase PDC’s Wattenberg field acreage by 90% to 182,000 net acres (100% in Weld County, Colorado) and Wattenberg production by 58% to 166,000 boe/d, catapulting it above Noble Energy to become the second-largest DJ Basin producer behind Occidental......
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