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The statement, when effective, would allow the company to raise that amount through the sale of debt securities, common stock, preferred stock, either separately or represented by depositary shares, warrants and purchase contracts, as well as units.
Bridgeport, West Virginia-based Petroleum Development is an independent energy company engaged in the exploration, production and marketing of natural gas and oil. Its operations are focused in the Rocky Mountains with additional operations in the Appalachian and Michigan Basins.
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