Entries by Brianne Bustos

PDC Energy, Inc. Completes Great Western Acquisition

Denver, CO – May 6, 2022 PDC Energy, Inc. (NASDAQ: PDCE) (“PDC” or the “Company”) today announced that it has completed its acquisition of Great Western Petroleum, LLC (“Great Western”), a privately held company based in Denver. The acquisition was previously announced on February 28, 2022. The consideration paid was $543 million (less $50 million previously placed […]

PDC Energy Announces $1.3 Billion Core Wattenberg Acquisition, Establishes Enhanced Return of Capital Framework, Provides 2021 Results and 2022 Guidance

February 28, 2022 – Denver, CO Link to Press Release can be found here. PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced it has entered into a definitive purchase agreement with Great Western Petroleum, LLC (“Great Western”) and certain sellers under which PDC will acquire Great Western in a transaction valued at approximately $1.3 billion, including net […]

Great Western and Partners Raise Over $80,000 to Grant Wishes for Ten Local Children Battling Critical Illnesses

Denver, CO – October 2021 Great Western is #CommittedtoColorado and is dedicated to the safety and well-being of the communities in which we live and work. As part of that commitment, Great Western has had a multi-year partnership with Make-A-Wish Colorado in their effort to support Colorado families during health challenges. In 2021, our Community […]

Great Western President and CEO Rich Frommer Announces Retirement

Denver, CO – September 2021 Great Western Petroleum, LLC (“Great Western” or the “Company”)  today announced that President and Chief Executive Officer Rich Frommer has advised the Board of Directors of Great Western of his intention to retire as the Company’s President and CEO effective September 30, 2021.  The Board of Directors has appointed John McCready to […]

Great Western’s CEO Rich Frommer Named a 2021 Titan100

Denver, CO – March, 2021 With more than 36 years of professional experience and leadership in the natural gas and oil industry, Rich Frommer helped Great Western successfully expand in company size, strategic goals, community outreach and industry leadership. He positioned the company to become an industry-leading innovator in natural gas and oil. His poise, […]

Great Western Announces the 2020 EHS Stewardship Award Winners!

Denver, CO – March, 2021 Great Western’s commitment to environmental stewardship is fundamental to the growth and innovation of the organization. In an effort to drive our environmental, health and safety (EHS) practices, we launched the Seal of Stewardship Program to honor employees for excellence in the fields of innovation, leadership, and safety. Our goal […]

Great Western Petroleum, LLC Announces Closing of Equity Recapitalization Plan and Senior Secured Second Lien Notes Offering

February 2021 – Denver, CO Great Western Petroleum, LLC (the “Company”) today announced that it has completed its previously announced comprehensive equity recapitalization transaction (the “Recapitalization Transaction”). The Company has amended and restated its limited liability company agreement to effect the exchange of all outstanding preferred units for new common units. This exchange results in […]

Employee Profile Series: Meet Zeb Wells, Production Superintendent and Colorado Native

February 2021 – Denver, CO Great Western is Colorado born, Colorado built, and #CommittedtoColorado, and this mentality is carried out and valued among our employees, especially Zebediah “Zeb” Wells, our production superintendent. Zeb has roots imbedded in Colorado, just like Great Western, and after more than 14 years in the natural gas and oil industry, […]