Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Penn Virginia Excited About Upper/Lower Eagle Ford Zones
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Penn Virginia Corporation has reported financial results for the three months ended March 31, 2014 and provided updates of its operations and 2014 guidance.
First Quarter 2014 Results and HighlightsFirst quarter 2014 financial results, with applicable comparisons to fourth quarter 2013 results, and highlights were as follows:
Product revenues from the sale of oil, natural gas liquids (NGLs) and natural gas were $133.2 million, or $70.01 per barrel of oil equivalent (BOE), compared to $117.1 million, or $63.58 per BOE. Oil and NGL revenues were $114.9 million, or 86 percent of product revenues, compared to $105.0 million, or 90 percent of product revenues. In January 2014, we sold our Eagle Ford Shale natural gas gathering assets for a price of $100 million, $96 million net to our…- ✓ Full news archive — U.S., Canada & international coverage
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