Petroleum Development Corporation (NASDAQ:PETD) to Hold Q3 2008 Earnings Conference Call November 6

Petroleum Development Corporation (NASDAQ:PETD) will hold a conference call on Thursday, November 6 at 4:00 pm ET to discuss the third quarter earnings for 2008.  Interested parties may hear the call by dialing 877-407-8031 or visiting petd.com.  The account number for the call is 286 and the conference ID number is 30079.

Petroleum Development Corporation (PDC) is an independent energy company engaged in the exploration, development, production and marketing of oil and natural gas, with assets in the United States. As of December 31, 2007, it owned interests in approximately 4,354 gross wells located in the Rocky Mountain Region and the Appalachian and Michigan Basins with 686 billion cubic feet equivalent (Bcfe) of net proved reserves, of which 86.6% was natural gas and 13.4% was oil.

During the year ended December 31, 2007, its share of production was 28 Bcfe, averaging 76.6 million cubic feet equivalent (MMcfe) per day. PDC replaced its output with 391 Bcfe of new proved reserves, net of dispositions, for a reserve replacement rate of 1,397%. All of the Company's natural gas and oil reserves are located in the United States. The Company divides its operating activities into four segments: oil and gas sales, natural gas marketing, drilling and development, and well operations and pipeline income.

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