PDC Energy (PDCE) 10-K 2000 FY Annual report

Petroleum Development Corporation

Index to Exhibits

11 Schedule of Computation of Net Income Per Share E-6

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PETROLEUM DEVELOPMENT CORPORATION AND SUBSIDIARIES

EXHIBIT 11

SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE

	Years Ended December 31,
BASIC	2000	1999	1998
Net income for basic income  per common share	$ 10,681,000	7,824,300	6,658,000
Weighted average number  of common  shares outstanding during the year	16,157,532	15,734,063	15,505,680
Basic earnings per share	$       .66	$     .50	$      .43
DILUTED
Net income for basic earnings per  common share	$10,681,000	7,824,300	6,658,000
Net income for diluted        earnings per share	$10,681,000	7,824,300	6,658,000
Weighted average number of shares        used in calculating basic        earnings per common share	16,157,532	15,734,063	15,505,680
Shares issuable for diluted    calculation	279,956	552,789	832,618
Weighted average number of         shares used in calculation of         diluted earnings per share	16,437,488	16,286,852	16,338,298
Diluted earnings per share	$       .65	$       .48	$      .41

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