PDC Energy Announces Ticker Symbol and Website Address Change to PDCE
13 July 2012 - 6:29AM
PDC Energy, Inc. ("PDC," or the "Company") (Nasdaq:PETD) today
reported the Company intends to change its ticker symbol to 'PDCE'
on the NASDAQ Global Select Market. The change will be effective on
Monday, July 16, 2012. Formerly listed as 'PETD', the ticker symbol
change to 'PDCE' completes the final step in the Company's
rebranding to PDC Energy, Inc. The legal name change from Petroleum
Development Corporation to PDC Energy, Inc. was approved by the
Company's shareholders at its annual meeting of stockholders held
on June 7, 2012.
Also, in conjunction with the ticker symbol change, the
Company's website address will change to 'www.pdce.com.'
James Trimble, President and Chief Executive Officer, stated,
"The realignment to PDCE is a welcomed change within our Company.
This is the next step in our ongoing redefinition of the Company's
image and structure away from the old partnership-sponsor model and
toward a more traditional E&P company. We are proud to
distinguish ourselves as PDC Energy and these additional changes
demonstrate our commitment to the transition."
Upcoming Conference
Presentations
PDC is scheduled to present at EnerCom's Oil & Gas
Conference in Denver, Colorado on Tuesday, August 14, 2012. Please
see the Company's website at www.petd.com for full details and
webcast information.
About PDC Energy
PDC Energy is a domestic independent exploration and production
company that acquires, develops, explores, and produces natural
gas, NGLs, and crude oil. The Company's Western Operating Region is
primarily focused on development in the Wattenberg Field in
Colorado, particularly in the liquid-rich horizontal Niobrara play
and on the ongoing development of refracture/recompletion of PDC's
existing Wattenberg vertical wells. In the Company's Eastern
Operating Region, PDC is focused on horizontal development in the
Marcellus Shale in northern West Virginia, and recently initiated
exploration and development activity in the liquid-rich portion of
the Utica Shale play in Ohio. PDC is included in the S&P
SmallCap 600 Index and the Russell 3000 Index of Companies.
NOTE REGARDING FORWARD-LOOKING
STATEMENTS
The matters set forth in this press release, including
statements with respect to the rebranding and PDC's or its
management's expectations or predictions of the future are
forward-looking statements intended to be covered by the safe
harbor provisions of the Securities Act of 1933 and the Securities
Exchange Act of 1934. The words "believe," "expect," "should,"
"could," "estimates," and other similar expressions identify
forward-looking statements. It is important to note that actual
results could differ materially from those projected in such
forward-looking statements. PDC urges you to carefully review and
consider the cautionary statements made in this press release, the
Item 1-A Risk Factors in the 2011 annual report on Form 10-K for
the year ended December 31, 2011, filed with the Securities and
Exchange Commission ("SEC") on March 1, 2011, and other subsequent
filings with the SEC for further information on risks and
uncertainties that could affect the Company's business, financial
condition and results of operations, which are incorporated by this
reference as though fully set forth herein. The Company cautions
you not to place undue reliance on forward-looking statements,
which speak only as of the date made. Other than as
required under the securities laws, PDC undertakes no obligation to
update any forward-looking statements in order to reflect any event
or circumstance occurring after the date of this release or
currently unknown facts or conditions or the occurrence of
unanticipated events. All forward looking statements are
qualified in their entirety by this cautionary
statement.
CONTACT: Ron Wirth
Director - Investor Relations
303-860-5830
rwirth@petd.com
Marti Dowling
Investor Relations Manager
303-831-3926
mdowling@petd.com
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