Davis Polk advised the representative of the initial purchasers in connection with a Regulation S/Rule 144A offering of $400 million aggregate principal amount of PDC Energy, Inc.’s 6.125% senior notes due 2024. PDC Energy, Inc. intends to use the net proceeds from this offering to partially finance its acquisition of approximately 57,000 net acres of land in Reeves and Culberson counties, Texas.

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. PDC Energy is listed on the Nasdaq Global Select Market under the symbol “PDCE.”

The Davis Polk capital markets team included partners Deanna L. Kirkpatrick and Derek Dostal, counsel Jeffrey S. Ramsay and associates Jennifer Ying Lan, John H. Runne and Jennifer Zhe Lin. Partner Michael Farber and associate Vinay Prabhakar provided tax advice. Counsel Loyti Cheng and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.

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