BNET Industries
Petroleum Development Corp. (PETD) is in the Energy Industry
- Revenue
- Dec 31 2007
- $305.2M
- Profit
- Dec 31 2007
- $33.2M
- Market Cap
- Oct 09 2008
- $391.9M
Latest News and Analysis
41 Stocks Returning 10% or More Last Week
Trader Mark submits: This week's list of top performers has high exposure to retail and solar; areas we have been moving into the past few weeks with greater weightings.... but more into solar than retail for the fund. This list continues to show us that "beaten down" merchandise from the...
Petroleum Development Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Michael A. Hall - Stifel Nicolaus & Company, Inc. Michael A. Hall - Stifel Nicolaus & Company, Inc. Can you touch on the Pennsylvania leases or Marcellus leases, Pennsylvania and West Virginia? The 35,000 net, are those official...
Petroleum Development Corporation Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Our first question comes from Leo Mariani – RBC Capital Markets. Leo Mariani – RBC Capital Markets Quick question on the Barnett there. Just curious to see if you have had any acreage there recently and just give us an update on your...
Petroleum Development Corporation Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions. Our first question comes from the line of Michael Hall with Stifel Nicolaus, please go ahead with your question. Michael Hall – Stifel, Nicolaus & Company Good afternoon gentlemen. A couple of quick ones, first, as it relates to cost structure,...
Additional Resources
1st NRG Corp. Announces the Signing of a Letter of Intent for the Development of Oil & Gas Reserves in Guatemala
GOLDEN, Colo., Sept. 25 /PRNewswire-FirstCall/ -- 1st NRG Corp. (BULLETIN BOARD: FNRC) ( http://www.1stnrg.com/ ) announces that it has signed a letter of intent LOI with TrueStar Petroleum for the development and production of oil and gas resources in Guatemala. 1st NRG Corp. is pleased...
Petroleum Development Corporation Changes Official Headquarters; Employment at Bridgeport Office Expected to Continue to Grow
BRIDGEPORT, W.Va., Sept. 18 /PRNewswire-FirstCall/ -- Petroleum Development Corporation PDC announced today that it is changing the official corporate headquarters to Denver, Colorado, effective March 1, 2009. Richard W. McCullough, PDC's President and Chief Executive Officer noted, "This action is based on our successful efforts in...
Petroleum Development Corporation Announces No Counterparty Exposure to Lehman Brothers Holdings, Inc., or its Affiliates
BRIDGEPORT, W.Va., Sept. 17 /PRNewswire-FirstCall/ -- Petroleum Development Corporation announced today that it has no hedging or other contractual counterparty exposure to Lehman Brothers Holdings Inc., its subsidiaries or its affiliates. Petroleum Development Corporation's current hedges are only with those banks that participate in the Company's secured...
Sub-One Technology Introduces High-Performance Diamondoid Coatings Derived from Petroleum
PLEASANTON, Calif. -- Sub-One Technology, the market leader in advanced coatings for internal surfaces, announced today the release of anti-corrosion coatings made from nanometer-sized carbon-based materials found in petroleum and developed by Chevron Technology Ventures CTV. Sub-One's InnerArmor product line is now available with molecular diamondoid coatings. When...
Zacks Bull and Bear of the Day Highlights: Petroleum Development, Ford Motor Company, Myriad Genetics, Foster Wheeler and General Growth
CHICAGO -- Zacks Equity Research highlights Petroleum Development (Nasdaq: PETD) as the Bull of the Day and Ford Motor Company (NYSE: F) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Myriad Genetics, Inc. (Nasdaq: MYGN), Foster Wheeler (Nasdaq: FWLT) and General Growth (NYSE: GGP)....
President and Chief Executive Officer, Richard W. McCullough, Will Present at The 2008 Oil & Gas Conference in Denver, Colorado
BRIDGEPORT, W.Va., Aug. 5 /PRNewswire-FirstCall/ -- Petroleum Development Corporation announced today that President and Chief Executive Officer, Richard W. McCullough, will present to the investment community at The 2008 Oil & Gas Conference in Denver, Colorado, on Tuesday, August 12, 2008, at 10:00 a.m. EDT via live audio...
Research and Markets: Petroleum Development Corporation Report Details the Corporation's Exploration Blocks and Oil and Gas Fields Internationally
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/c2a9c1/petroleum_developm) has announced the addition of the "Petroleum Development Corporation Detailed Analysis and Forecasts of Oil & Gas Exploration and Production Assets" company profile to their offering. Petroleum Development Corporation Detailed Analysis and Forecasts of Oil & Gas Exploration and Production Assets...
Petroleum Development Corporation Investor Conference Call Scheduled for Friday, August 8, 2008, at 2:00 p.m
BRIDGEPORT, W.Va., July 23 /PRNewswire-FirstCall/ -- Petroleum Development Corporation has scheduled a conference call with investors to discuss second quarter 2008 results and the outlook for the year. The Company expects to file its Quarterly Report on Form 10-Q on or before August 11, 2008. ...
An ending—and a new beginning: Caterpillar-Navistar truck alliance effectively closes down Cat's truck engine business, but will result in new line of Cat-branded work trucks
[ILLUSTRATION OMITTED] June 12, 2008, will go down in history as the day an era ended for Caterpillar. And also as the day another one began. On that day, following months of speculation and rumor, Caterpillar and Navistar signed a Memorandum of Understanding MOU to jointly...
Hyperdynamics Engages Dr. Olufemi Babalola as Petroleum Development Manager and Chief Geophysicist
HOUSTON -- Hyperdynamics Corporation (AMEX:HDY) announced today that its wholly owned subsidiary, SCS Corporation, has engaged Dr. Olufemi O. Babalola as its new Petroleum Development Manager and Chief Geophysicist. Dr. Olufemi Babalola is a geoscientist with more than thirty years of geophysical and geological work experience, both...
Zacks Analyst Interview Highlights: Double Eagle, Warren Resources, Clayton Williams and Petroleum Development
CHICAGO -- Zacks.com releases the latest Analyst Interview. Today's interview is with Director of Equity Research Dirk van Dijk, who discusses Double Eagle (Nasdaq: DBLE), Warren Resources (Nasdaq: WRES), Clayton Williams (Nasdaq: CWEI) and Petroleum Development (Nasdaq: PETD). Get the most recent insight from Zacks Equity Research with...
UAE - Dubai Diversifying Away From Oil.
The government of Dubai is lessening its dependence on oil, with over 60% of its revenue now generated from non-oil sources. In late 1996, it launched a programme with US$12 bn worth of projects to boost non-oil productivity per capita to rates that would...
OMAN: PDO SOCIAL INVESTMENT.
According to Oman News: Petroleum Development Oman PDO Company today organized at the Oil and Gas Exhibition, a workshop for journalists on the Company's Initiatives in Social Investment Field. Abdulameer bin Abdulhassan al Ajmi, Director of External Affairs and Liaisons delivered a lecture in...
Petroleum Development Announces First Quarter 2008 Results
Production Volume Increases by 59%; Oil and Gas Sales Double Offset by Impact of Commodity Price Changes Annual Outlook Updated BRIDGEPORT, W.Va., May 13 /PRNewswire-FirstCall/ -- Petroleum Development Corporation today reported a first quarter 2008 net loss of $13.9 million or $0.95 per diluted...
Petroleum Development Corporation: Increases 2008 Capital Budget
Resets and Adds to Natural Gas and Oil Commodity Positions Schedules Investor Conference Call for May 13, 2008 at 1:00 p.m. ET BRIDGEPORT, W.Va., May 9 /PRNewswire-FirstCall/ -- Petroleum Development Corporation PDC today announced that its Board of Directors has approved a $40 million...
GE Compression Technology Selected to Increase Production of Depleted Gas Wells in Oman
Contract Covers Several Projects Over Seven Years FLORENCE, Italy -- For more efficient extraction of gas from depleted wells in four of its gas fields, Petroleum Development Oman PDO has turned to advanced, high-pressure compression technology from GE Oil & Gas. Under a multi-year, multi-project contract...
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- Incorporated: 1955
- CEO: Mr. Richard W. McCullough
Petroleum Development is an energy company engaged in the drilling and development, production and marketing of natural gas and oil. As of Dec 31 2007, Co. had interests in 4,354 gross wells in the Rocky Mountain Region and the Appalachian and Michigan Basins with 686.00 billion cubic feet equivalent of net proved reserves, of which 86.6% was natural gas and 13.4% was oil. All of Co.'s oil and gas wells are located in West Virginia, Tennessee, Pennsylvania, Michigan, North Dakota, Colorado, Kansas, Texas and Wyoming. Co. had four business segments as of Dec 31 2007: oil and gas sales, natural gas marketing, drilling and development; and well operations and pipeline income.
Key Competitors
Petroleum Development Corp. Company Info
Board of Directors
Mr. Steven R. Williams
Chairman
Mr. Richard W. McCullough
Vice-Chairman
Mr. David C. Parke
Mr. Jeffrey C. Swoveland
Mr. Joseph E. Casabona
Mr. Larry F. Mazza
Ms. Kimberly Luff Wakim
Mr. Vincent F. D'Annunzio
Mr. Anthony J. Crisafio
Contact Information
Post Office Box 26
120 Genesis Boulevard
Bridgeport, WV
304 842-6256
NAICS Code
Drilling Oil and Gas Wells: 213111
