PDC Energy Announces New Director Appointment

DENVER, Dec. 21, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its Board of Directors (the “Board”) has appointed Christina M. Ibrahim to serve as a Class II director of the Company, effective January 1, 2018. The Board has determined not to appoint Ms. Ibrahim to any committees at this time.

Ms. Ibrahim has more than 20 years’ experience in the oil and gas industry, including serving as Executive Vice President, General Counsel and Chief Compliance Officer of Weatherford International plc from 2015 to present. Prior to her experience at Weatherford, Ms. Ibrahim served at Halliburton Company from 1997 to 2015 in various roles of increasing responsibility, including as Vice President, Chief Commercial Counsel and Corporate Secretary.

President and Chief Executive Officer Bart Brookman commented, “We’re extremely excited to have Christina join our board of directors. Based on her extensive, wide-ranging experience in the oil and gas industry, we’re confident she will enhance the strategic perspectives of our Board.”

About PDC Energy, Inc.

PDC Energy, Inc. is a domestic independent exploration and production company that produces, develops, and explores for crude oil, natural gas, and NGLs, with primary operations in the Wattenberg Field in Colorado and the Delaware Basin in Reeves and Culberson Counties, Texas. The Company also has operations in the Utica Shale in Southeastern Ohio, which it plans to divest. PDC’s operations are focused in the horizontal Niobrara and Codell plays in the Wattenberg Field and in the Wolfcamp zones in the Delaware Basin.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities Act"), Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"), and the United States ("U.S.") Private Securities Litigation Reform Act of 1995 regarding PDC’s business, financial condition, results of operations, and prospects. All statements other than statements of historical fact included in and incorporated by reference into this release are "forward-looking statements".

PDC cautions you not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this report 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.

Contacts:

Michael Edwards
Senior Director Investor Relations
303-860-5820
michael.edwards@pdce.com

Kyle Sourk
Manager Investor Relations
303-318-6150
kyle.sourk@pdce.com

Source:PDC Energy, Inc.