Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
PDC Energy Co
Q2 2012 Teleconference
| James Trimble; Gusle Shellum; Bart Brookman | Page 4 of 11 |
December 08, 2013
View in Results
"Q2 2012 Teleconference"
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
2012 Second Quarter Highlights 4 8/2/2012 • Net income for the second quarter 2012 was $12.3 million, or $0.46 per diluted share • Adjusted cash flows from operations decreased 14% from the second quarter 2012 to $29.2 million, but increased 31% to $78.7 million for the six months ended 6/30/12 compared to the same 2011 period • Net production from continuing operations increased 11% from the second quarter of 2011 to 11.5 Bcfe; 51% of total production was attributable to the Wattenberg Field • Crude oil production from continuing operations for the second quarter of 2012 increased 22% over the second quarter of 2011, and natural gas liquids ("NGLs") production from continuing operations for the second quarter of 2012 increased 41% over the same 2011 period • Per-unit lifting cost expense increased 5% from the second quarter of 2011 to $1.03 per Mcfe • Continued to deliver 100% drilling success in the liquid-rich horizontal Niobrara Core Wattenberg – drilled seven horizontal wells and completed five of those wells; participated in two horizontal non-operated drilling projects and executed 44 refrac/recompletes of existing vertical wells