Friday, June 29, 2007

UPDATE 1-Petroleum Development Q1 earnings fall

(Reuters) - The company recorded a loss of $5.6 million from its net
oil and gas price risk management activities for the first
quarter, compared with a gain of $4.9 million in the year-ago
quarter.




First-quarter general and administrative expense and
depreciation, depletion, and amortization almost doubled from
the prior-year period.


Read more at Reuters.com Market News

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