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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000077877-97-000003.txt : 19970508
<SEC-HEADER>0000077877-97-000003.hdr.sgml : 19970508
ACCESSION NUMBER:		0000077877-97-000003
CONFORMED SUBMISSION TYPE:	10-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19961231
FILED AS OF DATE:		19970507
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETROLEUM DEVELOPMENT CORP
		CENTRAL INDEX KEY:			0000077877
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				952636730
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07246
		FILM NUMBER:		97596945

	BUSINESS ADDRESS:	
		STREET 1:		103 E MAIN ST
		CITY:			BRIDGEPORT
		STATE:			WV
		ZIP:			26330
		BUSINESS PHONE:		3048426256

	MAIL ADDRESS:	
		STREET 1:		PETROLEUM DEVELOPMENT CO
		STREET 2:		PO BOX 26
		CITY:			BRIDGEPORT
		STATE:			WV
		ZIP:			26330

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	YELLOW WING URANIUM CORP
		DATE OF NAME CHANGE:	19730606
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K/A
<SEQUENCE>1
<TEXT>

                                                                CONFORMED COPY

                                  SIGNATURES

      Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                          PETROLEUM DEVELOPMENT CORPORATION




                                          By  /s/ James N. Ryan             
                                             James N. Ryan, Chairman


                                                March 20, 1997

      Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the 
Registrant and in the capacities and on the dates indicated:

      Signature                     Title                       Date


/s/ James N. Ryan             Chairman, Chief Executive     March 20, 1997
James N. Ryan                 Officer and Director


/s/ Steven R. Williams        President and Director        March 20, 1997
Steven R. Williams


/s/ Dale G. Rettinger         Executive Vice President,     March 20, 1997
Dale G. Rettinger             Treasurer and Director
                              (principal financial and
                              accounting officer)


/s/ Roger J. Morgan           Secretary and Director        March 20, 1997
Roger J. Morgan











</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>2
<TEXT>

<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                      20,615,400
<SECURITIES>                                         0
<RECEIVABLES>                                6,696,000
<ALLOWANCES>                                   287,800
<INVENTORY>                                    567,200
<CURRENT-ASSETS>                            28,619,500
<PP&E>                                      56,962,000
<DEPRECIATION>                              22,522,300
<TOTAL-ASSETS>                              63,604,200
<CURRENT-LIABILITIES>                       30,976,700
<BONDS>                                      5,320,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       104,600
<OTHER-SE>                                  22,967,900
<TOTAL-LIABILITY-AND-EQUITY>                63,604,200
<SALES>                                     26,051,100
<TOTAL-REVENUES>                            49,613,700
<CGS>                                       24,190,300
<TOTAL-COSTS>                               44,963,700
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                               108,100
<INTEREST-EXPENSE>                             380,000
<INCOME-PRETAX>                              4,650,000
<INCOME-TAX>                                 1,100,600
<INCOME-CONTINUING>                          3,549,400
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 3,549,400
<EPS-PRIMARY>                                      .31
<EPS-DILUTED>                                        0
        

</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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