On the Record · PDC Energy

PDC Energy acquisitions, on the record

The businesses PDC Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
SRC Energy Inc. (SRC) Word for word“In January 2020, we merged with SRC in a transaction valued at $1.7 billion, inclusive of SRC's net debt (the “SRC Acquisition”).” 10-K for 2020	acquisition	In January 2020	$1.7 billion, inclusive of SRC's net debt
Great Western Petroleum, LLC Word for word“On February 26, 2022, we entered into a definitive purchase agreement under which we will acquire Great Western for approximately $1.3 billion, inclusive of Great Western’s net debt (the “Great Western Acquisition”).” 10-K for 2021	agreed acquisition	On February 26, 2022	approximately $1.3 billion, inclusive of Great Western's net debt
SRC Energy, Inc. Word for word“The additions to our proved reserves at December 31, 2020 as compared to December 31, 2019 were primarily due to the reserves acquired from our merger with SRC Energy, Inc. (“SRC Acquisition”), which were partially offset by downward revisions as a result of decreases in realized prices and revised drilling plans following the completion of the SRC Acquisition.” 10-K for 2021	merger	—	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses
2016-12-31	$1.07 billion	$0
2017-12-31	$15.6 million	$0
2018-12-31	$180 million	$44.7 million
2019-12-31	$13.2 million	$202.1 million
2020-12-31	$139.8 million	$3.6 million
2021-12-31	$0	$125,000
2022-12-31	$1.07 billion	$15.8 million

Deal filings since 2016

2023-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-02-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-05-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from PDC Energy’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.