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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001140361-08-013444.txt : 20080522
<SEC-HEADER>0001140361-08-013444.hdr.sgml : 20080522
<ACCEPTANCE-DATETIME>20080522210022
ACCESSION NUMBER:		0001140361-08-013444
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080521
FILED AS OF DATE:		20080522
DATE AS OF CHANGE:		20080522

ISSUER:		

	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:			1011

	BUSINESS ADDRESS:	
		STREET 1:		120 GENESIS BLVD.
		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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WILLIAMS STEVEN R
		CENTRAL INDEX KEY:			0001195382

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07246
		FILM NUMBER:		08856194

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		304-808-6250

	MAIL ADDRESS:	
		STREET 1:		C/O PETROLEUM DEVELOPMENT CORP
		STREET 2:		120 GENESIS BLVD.
		CITY:			BRIDGEPORT
		STATE:			WV
		ZIP:			26330
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
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            <rptOwnerCity>BRIDGEPORT</rptOwnerCity>
            <rptOwnerState>WV</rptOwnerState>
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    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>Page 14 of 14</remarks>

    <ownerSignature>
        <signatureName>/s/ Steven R Williams</signatureName>
        <signatureDate>2008-05-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
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-----END PRIVACY-ENHANCED MESSAGE-----