Petroleum Development Corporation News

Petroleum Development Corporation Announces Webcast of 2008 Annual Meeting

BRIDGEPORT, W.Va., June 18 PRNewswire-FirstCall — Petroleum Development Corporation (Nasdaq: PETD) today announced that it will conduct its annual meeting of shareholders on Monday, June 23, 2008, at 10:00 a.m. local time at the Waterfront Place Hotel, Two Waterfront Place, Morgantown, West Virginia.

Shareholders who are unable to attend in person and other interested investors are invited to join the webcast and conference call on June 23, 2008. What: Petroleum Development 2008 Annual Meeting When: Monday, June 23, 2008, at 10:00 a.m. Local Time Where: www.petd.com How: Log on to the web address above or call (877) 407-8031 Replay Number: (877) 660-6853 (Account #286 and Conference ID #289182) (Replay will be available approximately one hour after the conclusion of the meeting)

Contact: Celesta Miracle, Petroleum Development Corporation, (304) 842-3597

Questions may be submitted prior to the meeting via e-mail: questions@petd.com

About Petroleum Development Corporation

Petroleum Development Corporation (www.petd.com) is an independent energy company engaged in the development, production and marketing of natural gas and oil. Its operations are focused in the Rocky Mountains with additional operations in the Appalachian Basin and Michigan. During the third quarter of 2004, PDC was added to the S&P SmallCap 600 Index. Additionally, PDC was added to the Russell 3000 Index of Companies in 2003.

SOURCE Petroleum Development Corporation

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