Petroleum Development Corporation
Oil and GasColorado, United States201-500 Employees
Petroleum Development Corporation is an independent oil and gas exploration and production company founded in 1969. The company focuses on the responsible development of natural resources in the United States, with operations in the core Wattenberg Field in Colorado and the Delaware Basin in West Texas. It applies multidisciplinary technical expertise to develop unconventional oil and gas resources and aims to generate positive results for stakeholders while stewarding the resources it operates. Its long-term growth strategy centers on the acquisition, exploration, and development of crude oil and natural gas assets to deliver strong returns and sustainable free cash flow. This strategy is supported by a conservative financial approach, including a strong balance sheet, solid debt metrics, ample liquidity, and a hedging program. The company is headquartered in Denver, Colorado, employs 201 to 500 people, and maintains a website at pdce.com.