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Penn Virginia Reports Q4 2019 Results
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Penn Virginia Corp. announced its financial and operational results for the fourth quarter and full-year 2019, year-end reserve estimates and 2020 outlook.
Significant Highlights Generated net cash provided by operating activities of $76.0 million and $4.4 million of free cash flow ("FCF") (1) for the fourth quarter of 2019 and expect to generate FCF(1) for full-year 2020; Produced 22,211 barrels of oil per day ("BOPD") for the fourth quarter of 2019, exceeding mid-point of guidance. Total production for the fourth quarter was 29,314 barrels of oil equivalent per day ("BOEPD") (76% crude oil), also exceeding mid-point of guidance; Grew oil production by 23% to 20,418 BOPD and total production by 27% to 27,730 BOEPD (74% crude oil) for the full-year 2019, in each case exceeding mid-point…- ✓ Full news archive — U.S., Canada & international coverage
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