March 7, 2019 / 2:00 PM / 4 months ago

Kimmeridge to nominate three directors to PDC Energy's board

March 7 (Reuters) - Kimmeridge Energy Management Co said it plans to nominate three candidates to PDC Energy Inc’s board, as it seeks to cut costs and boost shareholder returns at the Denver-based oil and gas producer.

Kimmeridge, which owns about 5.1 percent of PDC’s shares, announced its stake last month. (Reporting by John Benny in Bengaluru; Editing by Shailesh Kuber)

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