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Eagle Ford Operator Unveils 2017 Budget, Drilling Plans
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Penn Virginia reported its Q3 2016 results as well as its 2017 capital plans.
Key Points:2017 Plans
Penn Virginia has outlined its preliminary 2017 plans:
Capex: $95-115 million (85% D&C) Wells Plan to Drill: 16-19 net Wells Plan to Complete: 13-16 net Production Guidance: 3,600-3,900 MBOE (70-72% oil)Q3 Eagle Ford Well Results
Highlights: Penn Virginia successfully completed its restructuring process on September 12, 2016 with 100 percent of the unsecured notes and general unsecured claims converted into newly-issued common stock. The new common stock is currently trading on the OTC Pink marketplace under the symbol "PVAC". The Company expects the new common stock to trade on the OTCQX by the end of November in anticipation of subsequently listing on a national securities…- ✓ Full news archive — U.S., Canada & international coverage
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