PDC Energy Appoints Mr. Lance Lauck to Senior Vice President of Corporate Development, and Appoints Mr. Lauck and Mr. Gysle S...
09 Mars 2012 - 3:00PM
Petroleum Development Corporation (dba PDC Energy) ("PDC" or the
"Company") (Nasdaq:PETD) today announced the appointment of Mr.
Lance Lauck to Senior Vice President of Corporate Development. In
addition to the overall responsibilities previously assigned to Mr.
Lauck which include business development and strategic planning, he
will now assume the added responsibilities of reserve engineering
and midstream marketing. Mr. Lauck's appointment is effective
January 1, 2012. Hired in 2009, Mr. Lauck has over 25 years of
experience in the oil and gas industry including a proven
background in acquisitions and divestitures, corporate mergers, and
business development.
Also, effective January 1, 2012, Mr. Lauck, along with Mr. Gysle
Shellum, Chief Financial Officer for PDC Energy, were appointed to
the Planning and Finance Committee of PDC's Board of Directors. Mr.
Shellum has served as PDC's Chief Financial Officer since 2008,
bringing with him over 25 years of energy related experience within
the accounting, finance, risk management, and merger and
acquisition areas.
James Trimble, President and Chief Executive Officer, stated,
"Lance has been a key component of our success and we are thrilled
to have him serve in this new position. His solid business acumen
and leadership skills continue to produce meaningful value for our
company. Gysle is also a key member of our management team and has
been instrumental in PDC's continued growth. I am confident both
Lance and Gysle will continue to make significant contributions for
us in the future."
About PDC Energy
PDC Energy is an independent energy company engaged in the
development, production and marketing of natural gas and oil.
Its operations are focused primarily in the Wattenberg Field
of Colorado, including the horizontal Niobrara, the Marcellus Shale
development in West Virginia and the Utica Shale in Ohio. PDC
is included in the S&P SmallCap 600 Index and the Russell 3000
Index of Companies.
CONTACT: Ron Wirth
Director Investor Relations
(303)860-5830
rwirth@petd.com
Marti Dowling
Investor Relations Manager
(303)831-3926
mdowling@petd.com
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