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>