PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 of Form8-K, this Form8-K/A is being filed solely to provide information called for in Item 5.02(d)(3)of Form8-K that had not been determined at the time of filing of the Original Form8-K.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September30, 2017, the Board of Directors of the Company appointed Mr.Ellis to its Compensation Committee and its recently formed Midstream Committee. In addition to Mr.Ellis’s participation in the Company’s standard non-employee director compensation arrangements, which were disclosed in the Original Form8-K, Mr.Ellis will receive compensation identical to other members of such committees, consisting of (i)an annual cash retainer equal to $12,000 payable in quarterly installments for his service on the Compensation Committee and (ii)an annual cash retainer equal to $10,000 payable in quarterly installments for his service on the Midstream Committee.


About PDC Energy,Inc. (NASDAQ:PDCE)

PDC Energy, Inc. is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company’s Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company’s Gas Marketing segment purchases, aggregates and resells natural gas produced by it and others. The Company’s operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and its Ohio operations are focused in the Utica Shale play. The Company owns an interest in approximately 3,000 gross producing wells, of which approximately 650 are horizontal. The Company has approximately 270 million barrels of oil equivalent (MMBoe) of proved reserves.