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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > Petroleum Development Corporation

Petroleum Development Corporation
Nasdaq: PETD
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 PROFILE
The hills are alive with opportunity for Petroleum Development, which produces natural gas that it finds in the Rocky Mountains and the Appalachian Basin; the independent also has operations in Michigan. The company owns interests in more than 2,000 wells and has proved reserves of 131.6 billion cu. ft. of natural gas equivalent, of which only 10% is oil. It sells to utilities and industries. Petroleum Development also drills and operates wells for its partners, and often sets up public limited partnerships to fund its well-drilling program. Subsidiary Riley Natural Gas markets natural gas for the company and others in Appalachia. The company has sold its Ohio-based distribution utility, Paramount Natural Gas.

 COMPETITION
Cabot Oil & Gas Corporation (COG)
Quicksilver Resources Inc. (KWK)
Tom Brown, Inc. (TMBR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 141.20
1-Yr. Sales Growth: 45.9%
Employees: 86
Revenue per employee: $1,641,860.47

 KEY PEOPLE
• James N. Ryan
    CEO
• Dale G. Rettinger
    CFO

 CONTACT INFO
103 E. Main St.
Bridgeport, WV 26330
US
Phone: 304-842-3597
Fax: 304-842-0913
Online: Web Site

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