SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
DC 20549





FORM
8-K




CURRENT
REPORT


PURSUANT
TO SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





November
6, 2007


Date
of report (Date of earliest event reported)
















Petroleum
Development Corporation


Exact
Name of Registrant as Specified in Charter





Nevada
            0-7246
            95-2636730State
      or Other Jurisdiction
              of
      Incorporation
            Commission
              File
      Number
            IRS
      Employer
              Identification
      Number





120
Genesis Boulevard, Bridgeport, WV  26330


Address
of Principal Executive Offices





304-842-3597


Registrant's
telephone number, including area code





Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing


obligation
of the registrant under any of the following provisions (see General Instruction
A.2. below):





[    
      ]
            Written
      communications pursuant to Rule 425 under Securities Act (17 CFR
      230.425)[    
      ]
            Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)[    
      ]
            Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))[    
      ]
            Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))








No
Change


Former
Name or Former Address, if Changed Since Last Report














Item
2.02.                      Results
of Operations and Financial Condition





On
Thursday, November 6, 2008, the Company reported its 2008 third quarter and
first nine months operating and financial results.  A copy of the news
release is attached by reference as Exhibit 99.1.





The
Company scheduled a conference call with investors on Thursday, November 6,
2008, at 4:00 pm ET to discuss third quarter 2008 results.  A Form 8-K
of the PowerPoint presentation was filed with the Securities and Exchange
Commission on Thursday, November 6, 2008.





The
information included in this report and in Exhibit 99.1 shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Exchange Act, except as expressly set
forth by specific reference in the filing.





The press
release furnished as an exhibit to this report includes forward-looking
statements within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. Such forward-looking statements are subject to certain
risks and uncertainties, as disclosed by the Company from time to time in its
filings with the Securities and Exchange Commission. As a result of these
factors, the Company’s actual results may differ materially from those indicated
or implied by such forward-looking statements. Except as required by law, we
disclaim any obligation to publicly update or revise forward-looking statements
after the date of this report to conform them to actual results.





Item
9.01.                        Financial
Statements and Exhibits.





Exhibit
              No.
            
            Description99.1
            
            PRESS
      RELEASE:
              Petroleum
      Development Announces Third Quarter 2008 Results; 32% increase in
      quarterly  production; 56% increase in realized pricing for
      third quarter











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:
            November
      12, 2008By:
            /s/
      Richard W. McCulloughRichard
      W. McCulloughCEO
      and President