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**FORM      8-K**

**October      11, 2007**

*Date      of report (Date of earliest event reported)*

**PETROLEUM      DEVELOPMENT CORPORATION**

*(Exact      Name of Registrant as Specified in Charter)*

| **Nevada**                                      | **0-7246**                      | **95-2636730**                         |
|-------------------------------------------------|---------------------------------|----------------------------------------|
| *(State                  or other jurisdiction* | *(Commission*                   | *(IRS                  employer*       |
| *of                  incorporation)*            | *file                  number)* | *identification                  No.)* |

**120      Genesis Boulevard, Bridgeport, WV 26330**

*(Address      of principal executive offices)*

**(304)      842-3597**

*Registrant's      telephone number, including area code*

**No      Change**

*Former      name or former address, if changed since last report*

*see*

| [   ]                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)) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      5.03.   Amendments to Articles of Incorporation or Bylaws; Change      in Fiscal Year.**

**Item      9.01.  Financial Statements and Exhibits**

| **Exhibit** |                                                                                                                                         |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| **Number**  | **Description**                                                                                                                              |
|        |                                                                                                                                         |
| 3.2         | Amended                Bylaws of Petroleum Development Corporation, adopted October 11,                2007                (filed herewith). |

**SIGNATURE**

| **Petroleum                  Development Corporation** |
|--------------------------------------------------------|
| (Registrant)                                           |
|                                                   |   |
| Date:                                                  | October                  17, 2007 |
|                                                   |   |
|                                                   |   |
| By:                                                    |  /s/ Richard                  W.                  McCullough                   |
|                                                   | Richard                  W. McCullough |
|                                                   | Chief                  Financial Officer |