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PDC FUNDS SECOND '93 DRILLING PARTNERSHIP

 BRIDGEPORT, W.Va., May 27 /PRNewswire/ -- Petroleum Development Corporation (NASDAQ-NMS: PETD) (PDC) today announced that it closed and funded its second 1993 partnership with total funds of $2.7 million.
 It is anticipated that the partnership will drill 12-14 wells and PDC will own an 18 percent interest in the wells drilled. The partnership wells will be located in north central West Virginia and will be drilled and operated by PDC. Gas produced from the wells will be sold to Hope Gas, Inc., under a long-term contract. Planned well depths range from about 3,000 feet to 5,800 feet, and all the wells will be targeted at formations producing clean-burning natural gas.
 The partnership is the second of five scheduled partnerships in the PDC 1993 Drilling Program. Partnership interests are offered throughout the country through an unaffiliated network of NASD brokers. The 14 wells in this partnership, along with the 16 wells drilled in the first quarter, makes PDC one of the most active drillers in the Northeast.
 Petroleum Development Corporation, a leading Appalachian independent oil and gas company, is headquartered in Bridgeport, and is engaged in the business of exploring for, developing and producing oil and natural gas. Petroleum Development's common stock is traded in the NASDAQ National Market with the symbol PETD.
 -0- 5/27/93
 /CONTACT: Dale G. Rettinger of Petroleum Development Corporation, 304-842-3597/
 (PETD)


CO: Petroleum Development Corporation; Hope Gas, Inc. ST: West Virginia IN: OIL SU:

KC-DM -- PG008 -- 3118 05/27/93 16:41 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:251
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