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PDC FUNDS SECOND RECORD DRILLING FUND OF 1992

 PDC FUNDS SECOND RECORD DRILLING FUND OF 1992
 BRIDGEPORT, W.Va., Sept. 22 /PRNewswire/ -- Petroleum Development


Corporation (PDC) (NASDAQ-NMS: PETD) today announced that its second natural gas drilling partnership of 1992 closed on Sept. 8, with investor subscriptions of $3 million, bringing the 1992 program total to $5.9 million with two additional partnerships planned before the end of the year. PDC drills in north central West Virginia and retains a 20 percent interest in the wells. The company now operates over 700 wells. This will bring the total wells drilled in 1992 to 53 compared to 39 for the same period in 1991. According to a company spokesman, the partnerships have continued to gain wider acceptance each year and are expected to set a new sales record in 1992.
 PDC sells its partnerships through a nationwide network of National Association of Securities Dealers (NASD) representatives. So far in 1992 the company is the largest seller of public drilling program interests in the country, following two years during which it was second largest.
 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- 9/22/92
 /CONTACT: Dale G. Rettinger of Petroleum Development Corporation, 304-842-3597/
 (PETD) CO: Petroleum Development Corporation ST: West Virginia IN: OIL SU:


CD-MA -- PG006 -- 2085 09/22/92 10:23 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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