Pdc Energy
PDC Energy, also known as PDC, is a prominent player in the US energy sector, headquartered in Denver, Colorado. Founded in 1969, the company has established itself as a leader in the exploration and production of oil and natural gas, primarily operating in the Wattenberg Field in Colorado and the Delaware Basin in New Mexico and Texas. PDC Energy is renowned for its commitment to sustainable practices and innovative technologies, focusing on efficient resource extraction and environmental stewardship. The company’s core services include drilling, production, and development of oil and gas reserves, which are distinguished by their emphasis on operational excellence and safety. With a strong market position, PDC Energy has achieved significant milestones, including strategic acquisitions and a robust portfolio of assets, solidifying its reputation as a forward-thinking energy provider in a competitive landscape.
DitchCarbon Score
How does Pdc Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Pdc Energy's score of 9 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pdc Energy's reported carbon emissions
In 2021, PDC Energy, headquartered in the US, reported total Scope 1 emissions of approximately 1,145,687,340 kg CO2e, which includes fugitive emissions of about 59,303,450 kg CO2e. This represents a decrease from 2020, when the company recorded Scope 1 emissions of approximately 1,218,446,380 kg CO2e, including fugitive emissions of about 61,537,200 kg CO2e. PDC Energy has not disclosed any Scope 2 or Scope 3 emissions data, nor have they set specific reduction targets or climate pledges as part of their sustainability initiatives. The absence of documented reduction initiatives suggests that the company may be in the early stages of formalising its climate commitments. As a current subsidiary of PDC Energy, Inc., emissions data is cascaded from the parent company, which is responsible for the reported figures. The company is also linked to Chevron Corporation through a corporate family relationship, which may influence its climate strategies in the future. Overall, while PDC Energy has made strides in reducing its emissions, further transparency regarding its climate commitments and future reduction targets would enhance its sustainability profile.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 1,218,446,380 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Pdc Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
