PETD Pdc Energy, Inc. (MM)

Petroleum Development Corporation (dba PDC Energy) ("PDC" or the "Company") (Nasdaq:PETD) today announced plans to host a conference call with investors to discuss 2012 first quarter results. Conference call materials will be available on the Company's website, www.petd.com, at the time of the call.

Conference Call and Webcast:

Date/Time: Thursday, May 10, 2012, 11:00 a.m. EDT

Webcast available at: www.petd.com

Domestic (toll free): 877-312-5520

International: 253-237-1142

Conference ID: 72984023

Replay Numbers:

Domestic (toll free): 855-859-2056

International: 404-537-3406

Conference ID: 72984023

The replay of the call will be available through Thursday, May 17, 2012.

The Company plans to issue its 2012 first quarter news release before market open on Thursday, May 10, 2012.

About PDC Energy

PDC Energy is an independent energy company engaged in the development, production and marketing of natural gas and oil. Its operations are focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara, the Marcellus Shale development in West Virginia and the Utica Shale in Ohio.  PDC is included in the S&P SmallCap 600 Index and the Russell 3000 Index of Companies.

CONTACT: Ron Wirth
         Director of Investor Relations
         303-860-5830
         rwirth@petd.com
         
         Marti Dowling
         Investor Relations Manager
         303-831-3926
         mdowling@petd.com