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BRIEF-PDC energy announces 2017 capital budget of $725 to $775 million
December 5, 2016 / 1:22 PM / 8 months ago

BRIEF-PDC energy announces 2017 capital budget of $725 to $775 million

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Dec 5 (Reuters) - Pdc Energy Inc -

* PDC energy announces 2017 capital budget of $725 to $775 million; anticipates greater than 40% annual production growth with projected year-end 2017 debt to ebitdax of approximately 1.8x

* Sees annual production of approximately 30.0 to 33.0 million barrels of oil equivalent in 2017

* Sees oil production to account for approximately 43% of total production in 2017

* Sees year-end 2017 cash on hand of about $200 million, debt to ebitdax of about 1.8 times

* Q1 2017 production is expected to be in-line with anticipated q4 2016 volumes due to timing of turn-in-lines Source text for Eikon: Further company coverage:

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