Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Penn Virginia Credits Eagle Ford for 2013 Success
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Penn Virginia Corporation has reported year-end 2013 proved oil and gas reserves and provided an update of its operations, including full-year and fourth quarter 2013 results.
HighlightsHighlights of year-end 2013 proved reserves, as compared to year-end 2012, were as follows:
--- Proved oil and gas reserves increased by 22.9 MMBOE, or 20 percent, to 136.3 million barrels of oil equivalent (MMBOE) from 113.5 MMBOE.
Eagle Ford Shale reserves increased by 189 percent to 75.6 MMBOE (89 percent oil and NGLs), or 55 percent of the total.Oil reserves increased 144 percent to 60.7 million barrels (MMBbls), or 45 percent of the total from 24.9 MMBbls, or 22 percent of the total.
Natural gas liquids (NGLs) reserves increased six percent to 22.0 MMBbls, or 16 percent of the total from…
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