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Eagle Ford Operator Exploring Strategic Alternatives
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Eagle Ford-focused Penn Virginia's board announced that it intends to evaluate a range of strategic alternatives to enhance the company's value.
The company has retained Jefferies LLC to assist in the process.
John A. Brooks, President and Chief Executive Officer, said, "Our management team and Board have always been focused on maximizing shareholder value and, given the Company's recent operational and financial successes, we believe now is an opportune time to evaluate a range of strategic alternatives. I am extremely proud of our team's performance in increasing the value of our Eagle Ford assets and achieving peer-leading metrics in production growth and profit margin. During this evaluation process, the Company will continue to execute its business plan and focus on our 2018 goals of…
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