PDC Energy Appoints Mr. David Honeyfield To Chief Financial Officer

DENVER, Dec. 01, 2016 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced the appointment of Mr. David Honeyfield to the position of Chief Financial Officer and Senior Vice President where he will be responsible for financial, accounting, and treasury functions as well as other related duties.  Mr. Honeyfield's appointment is effective December 19, 2016.

Mr. Honeyfield has over 25 years of energy related experience, including a proven background in accounting, finance, treasury, and capital markets. Mr. Honeyfield was most recently Vice President and Chief Financial Officer for Jonah Energy in Denver.  His previous experience includes six years at Intrepid Potash, where his last role was President and Chief Financial Officer.  Previously, he served in various leadership roles including Chief Financial Officer at SM Energy, Controller and Chief Accounting Officer at Cimarex Energy/Key Production Company, and Senior Audit Manager at Arthur Andersen where he focused on oil and gas exploration & production, manufacturing and mining sectors.  Mr. Honeyfield holds a BA in Economics from the University of Colorado and is a Certified Public Accountant.

Bart Brookman, President and Chief Executive Officer, stated, "David has an extensive financial and accounting background in the oil and gas industry and related fields. He has served in various roles of increasing responsibility with several highly successful companies and we are excited to add his expertise and leadership skills to our management team. I am confident David will be a significant contributor to the future growth and success of PDC."

About PDC Energy, Inc.

PDC Energy, Inc. is a domestic independent exploration and production company that produces, develops, acquires and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado and in the Utica Shale in southeastern Ohio. Upon completion of the Company's previously announced acquisition, the Company will also conduct those activities in the Delaware Basin portion of the Permian Basin in West Texas. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field and the condensate and wet gas portion of the Utica Shale play.

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