Simpson Thacher Represents JPMorgan as Financial Advisor to PDC Energy in Acquisition by Chevron
05.22.23
This is only gets display when printing
The Firm is representing J.P. Morgan Securities LLC as financial advisor to PDC Energy, Inc. (NASDAQ: PDCE) in connection with its acquisition by Chevron Corporation (NYSE: CVX) in an all-stock transaction valued at $6.3 billion, or $72 per share. The acquisition is subject to PDC Energy shareholder approval, regulatory approvals and other customary closing conditions.
PDC Energy is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Chevron is one of the world’s leading integrated energy companies and produces crude oil and natural gas, manufactures transportation fuels, lubricants, petrochemicals and additives and develops technologies that enhance Chevron’s business and the industry.
The Simpson Thacher team included Luca Tomasi (M&A).