Brief: PDC Energy Announces Its Updated 2022 Guidance And Multi-Year Outlook, Raises Its Free Cash Flow And Return Of Capital Projections

PDC Energy

27/05/2022 13:10

May 27 (Reuters) - PDC Energy Inc  PDCE.O :
    * PDC ENERGY ANNOUNCES ITS UPDATED 2022 GUIDANCE AND
MULTI-YEAR
OUTLOOK, RAISES ITS FREE CASH FLOW AND RETURN OF CAPITAL
PROJECTIONS
    * PDC ENERGY - ANTICIPATES 2022 CAPITAL INVESTMENTS OF $950
TO
$1,000 MILLION TO GENERATE BETWEEN 235,000 AND 250,000 BOE/DAY &
78,000 TO 83,000 BBLS/DAY
    * PDC ENERGY INC - EXPECTS TO PRODUCE ON AVERAGE 255,000 TO
265,000 BOE PER DAY FOR MAY THROUGH DECEMBER 2022
    * PDC ENERGY INC - EXPECTS THIS YEAR'S CAPITAL PROGRAM TO
GENERATE
$1.7 BILLION OF FCF
    * PDC ENERGY INC - PROJECTS TO GENERATE MORE THAN $1.7
BILLION OF
FCF IN EACH OF NEXT TWO YEARS

Source text for Eikon:  ID:nGNX1Gqj03 
Further company coverage:  PDCE.O 

 ((Reuters.Briefs@thomsonreuters.com;))