Founded in 1969, Petroleum Development Corporation is an independent energy company engaged in the development, production and marketing of natural gas. The company s operations are focused in the Rocky Mountains, the Appalachian Basin and Michigan. The company s core competencies include the drilling of shallow wells that are generally less than 15,000 feet in total depth, developing natural gas prospects, engaging in projects in which the company can drill a significant number of new wells, and working prospects that have relatively low dry-hole risk. The company focuses on working with properties that share drilling, completion and operating characteristics similar to its prior operations. Petroleum Development is a publicly traded company. Its shares are listed on the NASDAQ exchange under the symbol PETD. The company's headquarters is in Bridgeport, W.V.
