PDC Energy, Inc. functions as an independent entity focused on the exploration, development, acquisition, and production of crude oil, natural gas, and natural gas liquids throughout the United States. Its primary areas of operation are centered in Colorado's Wattenberg Field and the Delaware Basin in Texas. As of December 31, 2021, the company possessed interests in approximately 3,500 productive gross wells. Founded in 1969 and based in Denver, Colorado, the firm was formerly known as Petroleum Development Corporation before officially changing its name to PDC Energy, Inc. in June 2012.