CONFORMED COPY
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[X] Quarterly Report Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
For the period ended June 30, 1995
OR
[ ] Transition Report Pursuant to Section 13 of 15(d) of
the Securities and Exchange Act of 1934
For the transition period from to
Commission file number 0-7246
I.R.S. Employer Identification Number 95-2636730
PETROLEUM DEVELOPMENT CORPORATION
(A Nevada Corporation)
103 East Main Street
Bridgeport, WV 26330
Telephone: (304) 842-6256
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes XX No
Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the latest practicable date: 11,040,627 shares of the
Company's Common Stock ($.01 par value) were outstanding as of June 30, 1995.<PAGE>
<PAGE>
CONFORMED COPY
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
The Company is party to various legal actions in the normal course of
business which would not materially affect the Company's operations.
Item 6. Exhibits and Reports on Form 8-K
(a) None.
(b) No reports on Form 8-K have been filed during the quarter
ended June 30, 1995.
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 thereunto duly authorized.
Petroleum Development Corporation
(Registrant)
Date: August 2, 1995 /s/ Steven R. Williams
Steven R. Williams
President
Date: August 2, 1995 /s/ Dale G. Rettinger
Dale G. Rettinger
Executive Vice President
and Treasurer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 2,351,900
<SECURITIES> 0
<RECEIVABLES> 1,892,800
<ALLOWANCES> 594,800
<INVENTORY> 251,700
<CURRENT-ASSETS> 5,228,800
<PP&E> 45,306,100
<DEPRECIATION> 20,195,800
<TOTAL-ASSETS> 30,669,900
<CURRENT-LIABILITIES> 5,343,100
<BONDS> 2,750,000
<COMMON> 110,400
0
0
<OTHER-SE> 19,269,900
<TOTAL-LIABILITY-AND-EQUITY> 30,669,900
<SALES> 2,179,800
<TOTAL-REVENUES> 13,969,800
<CGS> 2,400,800
<TOTAL-COSTS> 12,787,100
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 45,000
<INTEREST-EXPENSE> 159,700
<INCOME-PRETAX> 1,182,700
<INCOME-TAX> ,293,300
<INCOME-CONTINUING> 889,400
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 889,400
<EPS-PRIMARY> .08
<EPS-DILUTED> .08
</TABLE>
