SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
DC 20549





FORM
8-K




CURRENT
REPORT


PURSUANT
TO SECTION 13 OR 15(d) OF THE


SECURITIES
AND EXCHANGE ACT OF 1934





March 19,
2008


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
      7.01
            Regulation
      FD Disclosure





The
following information is being furnished pursuant to Item 7.01 “Regulation FD
Disclosure.”  This information shall not be deemed “filed” for
purposes of Section 18 of the Exchange Act or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange
Act.
 
 The
Company has scheduled a conference call with investors on Wednesday, March 19,
2008, at 1:00 PM ET to discuss fourth quarter 2007 results.  A copy of
the slide presentation, along with the Company’s unaudited Consolidated Balance
Sheets as of December 31, 2007 and 2006, and its Consolidated Statements of Cash
Flow for years ended December 31, 2007, 2006 and 2005, is hereby attached by
reference to Exhibit 99.1, Exhibit 99.2 and 99.3, respectively.
 
 
 EXHIBIT
INDEX
 
 Item
9.01.  Financial Statements and Exhibits.
 
 (c)            Exhibits.
  99.1
              Petroleum
      Development Corporation, 2007 Earnings Release, March 19, 2008
      PowerPoint
 99.2
              The
      Company’s Consolidated Statements of Cash Flow for years ending December
      31, 2007, 2006
      and 2005
  99.3
              The
      Company’s Consolidated Balance Sheets as of December 31, 2007 and
      2006




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:
            March
      19, 2008By:
            /s/ Richard W.
      McCulloughRichard
      W. McCulloughPresident
      and CFO