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PR Newswire
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Petroleum Development Corporation Announces Webcast of 2007 Annual Meeting

BRIDGEPORT, W.Va., Aug. 24 /PRNewswire-FirstCall/ -- Petroleum Development Corporation today announced the webcast information for its annual meeting of shareholders on Tuesday, August 28, 2007 at 10:00 a.m. Eastern Daylight Time at the Bridgeport Conference Center at Charles Pointe, 300 Conference Center Way, Bridgeport, WV.

Shareholders who are unable to attend in person and other interested investors are invited to join the webcast and conference call on August 28, 2007.

What: Petroleum Development 2007 Annual Meeting When: Tuesday, August 28, 2007 at 10:00 a.m. Eastern Daylight Time Where: http://www.petd.com/ How: Log on to the web address above or call (877) 407-8033 Replay Number: (877) 660-6853 (Account #286 and Conference ID #253400) (Replay will be available approximately one hour after the conclusion of the call) Contact: Celesta Miracle, Petroleum Development Corporation, (304) 842-3597

Questions may be submitted prior to the meeting via e-mail: questions@petd.com

About Petroleum Development Corporation

Petroleum Development Corporation (www.petd.com) is an independent energy company engaged in the development, production and marketing of natural gas and oil. The Company operations are focused in the Rocky Mountains with additional operations in the Appalachian Basin and Michigan. During the third quarter of 2004, the Company was added to the S&P SmallCap 600 Index. Additionally, PDC was added to the Russell 3000 Index of companies in 2003.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although PDC believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, drilling results, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.

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© 2007 PR Newswire
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