PDC Energy, Inc. provided production guidance for the first quarter, second half and full year 2022. For the period, average daily production is expected between 190,000 and 200,000 while average oil production is expected between 61,000 and 66,000 per day. day. Compared to the fourth quarter of 2021, anticipated first quarter daily production and daily oil production are expected to decrease approximately 15% in the Delaware basin due to a lack of recent operated TIL activity and approximately 7% in Wattenberg due to the anticipated timing of first quarter TILs, lower non-operated volumes and weather-related freeze offs.

For the second half, the company anticipated second half daily total production and daily oil production of approximately 250,000 to 260,000 Boe and 82,000 to 87,000 Bbls, respectively.

For the full year, the company expects to generate total production between 225,000 and 240,000 Boe per day and between 74,000 and 81,000 Bbls of oil per day.