Published:

Petroleum Development Corporation to Ring Opening Bell at NASDAQ on July 18, 2008

BRIDGEPORT, W. Va., July 16 /PRNewswire-FirstCall/ -- Petroleum Development Corporation (Nasdaq: PETD) announced that Steven R. Williams, Chairman, and Richard W. McCullough, President and CEO, will ring the NASDAQ opening bell on Friday, July 18, 2008. The bell ringing ceremony allows the Company the opportunity to celebrate its continued growth.

"Over the past six years PDC shareholders have enjoyed more than a tenfold increase in the value of their shares," said Richard W. McCullough, CEO of Petroleum Development Corporation. "Even with the high price of energy, few oil and gas companies have matched that record. Hard work by PDC's talented and creative team has been the driving force behind our remarkable record of value creation."

    The ceremony can be viewed live via web cam beginning at 9:20 am EDT at:

    Visit:  http://www.petd.com

    When:  Friday, July 18, 2008

    Time:  9:20 am EDT, NASDAQ Director's Opening Remarks
           9:30 am EDT, Opening Bell Rung by Steven R. Williams and Richard W.
           McCullough

About Petroleum Development Corporation

Petroleum Development Corporation (http://www.petd.com) is an independent energy company engaged in the exploration, production and marketing of natural gas and oil. Its operations are focused in the Rocky Mountains with additional operations in the Appalachian and Michigan Basins. PDC is included in the S&P SmallCap 600 Index. Additionally, PDC was added to the Russell 3000 Index of Companies in 2003.

SOURCE Petroleum Development Corporation

Tags: Oil, Gas and Energy, , westvirginia

_ _

Is your favorite bookmark site missing? Ask for it.

NEWS

WIRES

OTHER

TECHNOLOGY

NEWSPAPERS

Petroleum Development Corporation to Ring Opening Bell at NASDAQ on July 18, 2008