Item 2.02. Results of Operations and Financial Conditions

The following information is furnished pursuant to both Item 7.01 and 2.02.

On May 8, 2009, Petroleum Development Corporation reported its 2009 first quarter results. A copy of the news release is attached by reference as Exhibit 99.1.

The Company has previously scheduled a teleconference call with investors on Monday, May 11, 2009, at 11:00 AM MDT to discuss first quarter 2009 results. A copy of the PowerPoint slide presentation is attached by reference as Exhibit 99.22.

Information included in this report, and in Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (The Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in the filing.

The press release furnished as an exhibit to this report includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks and uncertainties, as disclosed by the Company from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, the Company's actual results may differ materially from those indicated or implied by such forward-looking statements. Except as required by law, we disclaim any obligation to publicly update or revise forward looking statements after the date of this report to conform them to actual results.

Item 9.01. Financial Statements and Exhibits.

Exhibit No. Description 99.1 PRESS RELEASE Petroleum Development Corporation Announces First Quarter 2009 Results 99.2 POWER POINT PRESENTATION Petroleum Development Corporation 2009 First Quarter Teleconference