PETROLEUM DEVELOPMENT CORP
10-K/A, 1997-05-07
DRILLING OIL & GAS WELLS
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                                                                CONFORMED COPY

                                  SIGNATURES

      Pursuant to the requirements of Section 13 or 15(d) 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




                                          By  /s/ James N. Ryan             
                                             James N. Ryan, Chairman


                                                March 20, 1997

      Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the 
Registrant and in the capacities and on the dates indicated:

      Signature                     Title                       Date


/s/ James N. Ryan             Chairman, Chief Executive     March 20, 1997
James N. Ryan                 Officer and Director


/s/ Steven R. Williams        President and Director        March 20, 1997
Steven R. Williams


/s/ Dale G. Rettinger         Executive Vice President,     March 20, 1997
Dale G. Rettinger             Treasurer and Director
                              (principal financial and
                              accounting officer)


/s/ Roger J. Morgan           Secretary and Director        March 20, 1997
Roger J. Morgan












<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                      20,615,400
<SECURITIES>                                         0
<RECEIVABLES>                                6,696,000
<ALLOWANCES>                                   287,800
<INVENTORY>                                    567,200
<CURRENT-ASSETS>                            28,619,500
<PP&E>                                      56,962,000
<DEPRECIATION>                              22,522,300
<TOTAL-ASSETS>                              63,604,200
<CURRENT-LIABILITIES>                       30,976,700
<BONDS>                                      5,320,000
                                0
                                          0
<COMMON>                                       104,600
<OTHER-SE>                                  22,967,900
<TOTAL-LIABILITY-AND-EQUITY>                63,604,200
<SALES>                                     26,051,100
<TOTAL-REVENUES>                            49,613,700
<CGS>                                       24,190,300
<TOTAL-COSTS>                               44,963,700
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                               108,100
<INTEREST-EXPENSE>                             380,000
<INCOME-PRETAX>                              4,650,000
<INCOME-TAX>                                 1,100,600
<INCOME-CONTINUING>                          3,549,400
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 3,549,400
<EPS-PRIMARY>                                      .31
<EPS-DILUTED>                                        0
        

</TABLE>


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