pdc05242007.htm

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

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FORM 8-K


CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported): May 24, 2007


Petroleum Development Corporation
Exact Name of Registrant as Specified in Charter


Nevada
0-7246
95-2636730
State or Other Jurisdiction
of Incorporation
Commission
File Number
IRS Employer
Identification Number


120 Genesis Boulevard; Bridgeport, WV    26330
Address of Principal Executive Offices


Registrant's telephone number, including area code: 304-842-3597


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 o
Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
   
 o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


No Change
Former Name or Former Address, if Changed Since Last Report


Item 2.02.                      Results of Operations and Financial Condition

On May 24, 2007, the Company issued a News Release announcing operating and financial results for fourth quarter and year ended December 31, 2006.

A copy of the News Release is attached as Exhibit 99.1.


EXHIBIT INDEX

Item 9.01.  Financial Statements and Exhibits.

(c)  Exhibits.

Press Release: Petroleum Development Corporation Announces Operating and Financial
Results for Fourth Quarter and Full Year 2006



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


PETROLEUM DEVELOPMENT CORPORATION

Date:
May 24, 2007
 
  
By:
/s/ Richard W. McCullough
 
Richard W. McCullough
 
Chief Financial Officer