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Pdc Securities Incorporated


Petroleum Development Corporation (PDC) Securities Inc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
 
PDC started as a small, public Appalachian Basin oil and gas company in 1969, but they have become much more than that in recent years. The production, revenues, and profitability have grown substantially and steadily. The growth that made such recognition possible has resulted from a unique business model that has allowed the company to grow revenue, net income, reserves and production much more rapidly than our competitive peers. The firms operating activities are divided into four segments for management and reporting purposes like Drilling and Development, Oil and Gas Sales, Natural Gas Marketing, and Well Operations. In addition, PDC realizes limited revenue from non-operating activities, principally through interest and management fees.
 
Over 80 percent of their production is natural gas, and their development activities are focused on the development of natural gas reserves and production. Some of their natural gas wells also produce oil. In fact most of their Wattenberg Field wells in Colorado produce a combination of oil and gas. Most of their oil and gas are sold under contracts with pricing tied to a market index for the area of production.
 
The firm also provides well operating services to their partnerships and other investors and participants in wells. As PDC continues to drill new wells for the partnerships and others, and when they acquire wells that have other owners, they continue to add to the volume of the well operating services they provide. Effective and efficient operation of wells is critical to realizing the maximum possible return on their oil and natural gas investments.
 
PDC has developed and adopted certain corporate governance principles establishing a common set of expectations to assist the Board and its committees in fulfilling their responsibilities to the Company's stockholders to oversee the work of management and the Company's results. PDC expects and requires that its directors, officers and employees observe the highest standards of integrity in the conduct of company business.
 
The company's goal is to have steady growth through working closely with their customers to help them succeed.
 

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