-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RPoSo3TMH48UnnRAiiExsMAXVynXFu2FvGoYyZePvD9dDx+r7xHvkbklKxTiSUZB r7ND8hIvQ9ILoKvWYsmygA== 0000077877-06-000043.txt : 20060703 0000077877-06-000043.hdr.sgml : 20060703 20060703165632 ACCESSION NUMBER: 0000077877-06-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060630 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060703 DATE AS OF CHANGE: 20060703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PETROLEUM DEVELOPMENT CORP CENTRAL INDEX KEY: 0000077877 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 952636730 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07246 FILM NUMBER: 06941026 BUSINESS ADDRESS: STREET 1: 103 E MAIN ST CITY: BRIDGEPORT STATE: WV ZIP: 26330 BUSINESS PHONE: 3048426256 MAIL ADDRESS: STREET 1: PETROLEUM DEVELOPMENT CO STREET 2: PO BOX 26 CITY: BRIDGEPORT STATE: WV ZIP: 26330 FORMER COMPANY: FORMER CONFORMED NAME: YELLOW WING URANIUM CORP DATE OF NAME CHANGE: 19730606 8-K 1 pdc8k063020061.htm SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

------------

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES AND EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)  June 30, 2006

Petroleum Development Corporation

(Exact Name of Registrant as Specified in Charter)

Nevada                                0-7246                                95-2636730

(State or Other Jurisdiction                                      (Commission                                                    (IRS Employer

of Incorporation)                                                       File Number)                                       Identification No.)

103 East Main Street; Bridgeport, WV    26330

(Address of Principal Executive Offices)

Registrant's telephone number, including area code    304-842-3597

no change

(Former Name or Former Address, if Changed Since Last Report


Item 8.01.       Other Events.

                On June 30, 2006, the Company issued a news release announcing that it filed its first quarter Form 10-Q for 2006, satisfying the requirement of the Nasdaq Listing Qualifications Panel that it be filed no later than June 30, 2006. The Company believes that it is now in compliance with all listing requirements. Company invites you to join Steve Williams, Chief Executive Officer, and Darwin Stump, Chief Financial Officer, for a conference call on July 6, 2006, for a discussion of the results and plans for the second half of 2006.


EXHIBIT INDEX

Item 9.01.  Financial Statements and Exhibits.

(c)  Exhibits.

The news release is filed herewith as Exhibit 99.1 and incorporated herein by reference.


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 hereunto duly authorized.

                                                   

Petroleum Development Corporation

Date  July 3, 2006             

By  /s/ Darwin L. Stump                                  

        Darwin L. Stump

        Chief Financial Officer

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NEWS   FROM

Petroleum Development Corporation

28:

 

 

FOR IMMEDIATE RELEASE:  June 30, 2006

CONTACT:  Darwin L. Stump - (304) 842-3597   http://www.petd.com

Petroleum Development Files First Quarter Form 10-Q

 Earnings up 11% from First Quarter of 2005

 

 

Bridgeport, West Virginia. Petroleum Development Corporation (NASDAQ/NMS PETD) today announced that it filed its first quarter Form 10-Q for 2006, satisfying the requirement of the Nasdaq Listing Qualifications Panel  that it be filed no later than June 30, 2006. The Company believes that it is now in compliance with all listing requirements.

In the Form 10-Q, the company reported record first quarter earnings of $11.8 million, or $0.73 per share (diluted).  This was an 11% increase from earnings of $10.6 million in the first quarter of 2005 ($0.64 per share).  

Three Months Ended March 31,

2006

2005 (1)

Revenues

$79,108,600

$69,692,900

Income before income taxes

$18,593,500

$16,887,800

Net income

$11,797,600

$10,639,900

Basic and diluted earnings per share

$  .73

$  .64

Weighted average common and
  common equivalent shares outstanding


16,139,058


16,642,888

(1) As restated in the Company's 2005 Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 31, 2006.

10-Q and Quarterly Conference Call

You can access our Quarterly Report on Form 10-Q at the Company's website (www.petd.com), or contact the Company for a paper copy. The Company invites you to join Steve Williams, Chief Executive Officer, and Darwin Stump, Chief Financial Officer, for a conference call on July 6, 2006, for a discussion of the results and plans for the second half of 2006.

Petroleum Development Corporation First Quarter Earnings Conference Call

When:    Thursday, July 6, 2006, at 11:00 a.m. Eastern Daylight Time

Where:    www.petd.com

How:       Log on to the web address above or call (877) 407-8033

Replay Number: (877) 660-6853 (Account #286 and Conference ID # (207526)

                (Replay will be available approximately one hour after the conclusion of the call)

Contact: Steve Williams, Petroleum Development Corporation, (800) 624-3821 E-mail: petd@petd.com

Continue to Page 2

 

Page 2

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.  The Company operations are focused in the Rocky Mountains with additional operations in the Appalachian Basin and Michigan. During the third quarter of 2004, the Company was added to the S&P SmallCap 600 Index. Additionally, PDC was added to the Russell 3000 Index of companies in 2003.  PDC was named on the FSB: Fortune Small Business Magazine list of America's 100 Fastest-Growing Small Companies in 2001 and 2002. 

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although PDC believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, drilling results, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.

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103 East Main Street • P. O. Box 26 • Bridgeport, West Virginia • Phone:  (304) 842-3597

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