Petroleum Development Adds Vice President of Financial Reporting

Petroleum Development Corporation reported that Dominic Del Rosso joined the Company in January 2008 as Vice President of Financial Reporting. Mr. Del Rosso brings with him a strong corporate accounting and finance background with over 22 years experience including financial reporting, system implementation, cost accounting and planning/budgeting. Prior to joining PDC, Mr. Del Rosso served as the Vice President of Finance and Controller for Firearms Training Systems, Inc. in Atlanta, Georgia where he was responsible for the global accounting function and SEC reporting. Before that he was employed for nearly 9 years by Coca-Cola Enterprises, Inc., where he held various accounting and financial positions of increasing responsibility. Mr. Del Rosso received his M.B.A. from Florida Southern College in Lakeland, FL, and a B.S. in Business Administration with a Major in Accounting from Robert Morris University in Pittsburgh, PA. He earned his C.P.A. certification in 1994.

"We are delighted to have someone of Dominic's caliber joining us. His previous public reporting and extensive system implementation experience will be invaluable to us as we complete our conversion to a new enterprise-wide computer system and work to continue to improve our accounting and reporting functions," said Richard McCullough, Vice Chairman and CFO of Petroleum Development Corporation.