PDC Energy - 2010-11-18
Description
Priced its offering of 3.25% convertible senior notes due 2016. Net proceeds will be used to help fund an acquisition of additional assets in the Wolfberry trend in the Permian Basin in West Texas; for its previously announced acquisitions of the 2004 and 2005 drilling partnerships; for other acquisitions; and for general corporate purposes, including drilling capital expenditures associated with the development of the horizontal Niobrara and Wolfberry oil plays.