Legal DealFolio - Petroleum Development Corporation Common Stock Offering

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as joint book-running managers in connection with the offering of 6,500,000 shares of common stock of Petroleum Development Corporation (PDC Energy). The gross proceeds from the offering were approximately $172 million. PDC Energy intends to use the net proceeds from the offering to finance a portion of its pending acquisition of oil and gas assets in the Wattenberg Field in Colorado or for other general corporate purposes. The Davis Polk corporate team included partner Deanna L. Kirkpatrick, associates Pavan Jawanda and Xuelin (Steve) Wang and foreign temporary associate Dain Nevonen (admitted only in Sweden). Partner Lucy W. Farr and associate Juelle Gomes provided tax advice. Counsel Loyti Cheng and associate Ona Oshen provided environmental advice. Joshua Sills was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	21-05-2012	Practice Area:	Equity Capital Markets
Deal Title:	Petroleum Development Corporation Common Stock Offering	Industry:	Oil & Gas Producers
Description:	Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as joint book-running managers in connection with the offering of 6,500,000 shares of common stock of Petroleum Development Corporation (PDC Energy). The gross proceeds from the offering were approximately $172 million. PDC Energy intends to use the net proceeds from the offering to finance a portion of its pending acquisition of oil and gas assets in the Wattenberg Field in Colorado or for other general corporate purposes. The Davis Polk corporate team included partner Deanna L. Kirkpatrick, associates Pavan Jawanda and Xuelin (Steve) Wang and foreign temporary associate Dain Nevonen (admitted only in Sweden). Partner Lucy W. Farr and associate Juelle Gomes provided tax advice. Counsel Loyti Cheng and associate Ona Oshen provided environmental advice. Joshua Sills was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	100.01-500.00
Advised Party:	Lead Manager	Law Firm	Davis Polk
Issuer Jurisdiction -	United States	Listing Jurisdiction -	United States
Classification:	Secondary Offerings and Placings NASDAQ:	Lawyer	Deanna L Kirkpatrick

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Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers