PDC Energy Completes $1.3 Billion Great Western Petroleum Acquisition

In addition, PDC Energy said May 6 it paid off the Great Western Petroleum secured credit facility totaling $235 million and $312 million in principal amount of Great Western’s 12% senior secured notes due 2025.

Hart Energy Staff

PDC Energy Inc. recently announced the completion of its acquisition of privately held Great Western Petroleum LLC in the Denver-Julesburg (D-J) Basin.

“We are excited to close the Great Western acquisition, which is accretive to our operating, ESG and financial metrics. We look forward to providing the market with updated guidance by early next month as we work to integrate Great Western’s operations,” Bart Brookman, president and CEO of PDC, commented in a May 6 company release.

The acquisition of Great Western boosts PDC Energy’s D-J Basin position to roughly 230,000 net acres. PDC also holds some 25,000 net acres in the Delaware Basin in the Permian. Great Western’s D-J Basin acreage stretches across Adams, Larimer and Weld counties in Colorado.

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