Davis Polk advised the representative of the underwriters in connection with an SEC-registered offering of $200 million aggregate principal amount of its 1.125% convertible senior notes due 2021, which included $25 million aggregate principal amount of notes issued pursuant to the full exercise of the underwriters’ over-allotment option to purchase additional notes. The net proceeds from the offering were approximately $194.3 million. PDC Energy, Inc.’s common stock is listed on the Nasdaq Global Select Market under the symbol “PDCE.”

Headquartered in Denver, Colorado, 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 the Utica Shale in southeastern Ohio.

The Davis Polk capital markets team included partners Deanna L. Kirkpatrick and Derek Dostal, counsel Jeffrey S. Ramsay and associates Jennifer Ying Lan and Jennifer Zhe Lin. The Davis Polk equity derivatives team included partner Ray Ibrahim and associates Barry J. Gewolb and Caitlin L. Wood. Partner Michael Farber provided tax advice. Counsel Loyti Cheng provided environmental advice. All members of the Davis Polk team are based in the New York office.

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