PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Other Events

Item 8.01 Other Events.

On May10, 2017, PDC Energy,Inc. (the Company) and its subsidiary
guarantors entered into the Fifth Amendment to Third Amended and
Restated Credit Agreement (the Fifth Amendment), which amends the
Third Amended and Restated Credit Agreement, dated as of May21,
2013 (as amended from time to time prior to the date of the Fifth
Amendment, the Existing Credit Agreement) among the Company, as
borrower, certain subsidiaries of the Company, as guarantors,
JPMorgan Chase Bank, N.A., as administrative agent, and the
lenders from time to time party thereto.

The Fifth Amendment amends the Existing Credit Agreement to
reflect an increase of the borrowing base thereunder to $950
million from $700 million. The Company has elected to maintain a
$700 million commitment level while reserving the option to
access, at the Companys request and with lender approval, the
full $950 million prior to the next borrowing base
redetermination date. In addition, the Fifth Amendment made
changes to certain of the covenants in the Existing Credit
Agreement as well as other administrative changes.

The foregoing description of the Fifth Amendment does not purport
to be complete and is qualified in its entirety by reference to
the full text of the Fifth Amendment, which is attached as
Exhibit10.1 tothis Current Report on Form8-K and is incorporated
herein by reference.

Item 9.01 Financial Statements and
Exhibits.

(d)Exhibits

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. The Company’s operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays. Its Delaware Basin operations are focused in the Wolfcamp zones and its Ohio operations are focused in the Utica Shale play. As of December 31, 2016, the Company owned an interest in approximately 2,900 productive gross wells.

PDC Energy, Inc. (NASDAQ:PDCE) Recent Trading Information

PDC Energy, Inc. (NASDAQ:PDCE) closed its last trading session down -0.12 at 52.64 with 967,216 shares trading hands.