BRIDGEPORT, W.Va., March 11 /PRNewswire-FirstCall/ -- Petroleum Development Corporation (NASDAQ:PETD) today announced that Thomas E. Riley has resigned from his position as President. An industry executive with over 12 years of dedicated service to PDC and 20 years with Riley Natural Gas, as well as 34 years of industry experience, Mr. Riley's resignation was effective March 9, 2008. On February 12, 2008, the Company initially disclosed Mr. Riley's expected departure.
Steven R. Williams, CEO stated, "Tom's technical and strategic contributions to PDC have served as a catalyst for our success. He has been an integral part of the executive leadership team and remains a great friend of the company." About Petroleum Development Corporation Petroleum Development Corporation (http://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. PDC is included in the S&P SmallCap 600 Index and the Russell 3000 Index of Companies. DATASOURCE: Petroleum Development Corporation CONTACT: Celesta Miracle of Petroleum Development Corporation, +1-304-842-3597 Web site: http://www.petd.com/
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