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Penn Virginia Maintains Eagle Ford Rates, Activity
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Penn Virginia Corporation has reported proved oil and gas reserves and provided an update of its operations, including full-year and fourth quarter 2012 operational results.
Proved Reserves and Operational Update HighlightsProved reserve data included the following:
Proved oil and gas reserves were 113.5 million barrels of oil equivalent (MMBOE) at year-end 2012, compared to 130.3 MMBOE at year-end 2011, pro forma to exclude 16.9 MMBOE of Appalachian reserves sold in July 2012 Proved oil and natural gas liquids (NGL) reserves increased 28 percent to 45.5 MMBOE, or 40 percent of total proved reserves, from 35.6 MMBOE, or 24 percent of total proved reserves, at year-end 2011 Eagle Ford Shale proved reserves increased by 161 percent from 10.0 MMBOE at year-end 2011 to 26.1 MMBOE at…- ✓ Full news archive — U.S., Canada & international coverage
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