Operator · Granite Wash & Marcellus Shale
Penn Virginia Corp
80 articles mentioning Penn Virginia Corp · Page 1 of 4
Ranger/Penn Virginia Provides Production Update
Ranger Oil Co formerly known as Penn Virgina announced an operational update. Preliminary Third Quarter 2021 Operational and Financial Update The operational and financial results below represent results through September 30, 2021, and do not include...
Penn Virginia Second Quarter 2021 Results
Penn Virginia Corp. announced its financial and operational results for the second quarter 2021. Recent Significant Highlights: After raising oil guidance in the first quarter of 2021, the Company again exceeded the high end of oil...
Penn Virginia's Credit Line Increased to $600 Million
Penn Virginia Corp. announced an increase to the Company's borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination. Upon closing of the merger with Lonestar Resources and subject to the terms...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...
Penn Virginia First Quarter 2021 Results
Penn Virginia Corp. announced its financial and operational results for the first quarter 2021. Recent Significant Highlights: Sold 16,324 barrels of oil per day ("bbl/d") for the first quarter of 2021, exceeding the high end of...
Penn Virginia Touts Strong Q1 Production as Wells Outperform; Ups Guidance
Penn Virginia Corp. detailed a preliminary update for Q1 2021. Preliminary Q1 Highlights: Sold 16,324 BOPD for the first quarter of 2021, exceeding the high end of the most recent guidance range. Total sales volumes for...
Eagle Ford Operator Ups 2021 Spending 72%, Doubles Well Plans YOY
Penn Virginia Corp. announced its financial and operational results for the fourth quarter and full-year 2020 and 2021 outlook. 2021 Plan - Capex: $210-240 million - up 72% vs. 2020 levels of $130.6MM D&C: $205-235 million...
Penn Virginia Reports Estimated Q4 2020 Results
Penn Virginia Corp. announced an operational update. Operational and Financial Update Closed transactions with Juniper Capital on January 15, 2021, which resulted in reduced debt, enhanced liquidity and a larger asset base Sold 16,719 barrels of...
Penn Virginia Seals Eagle Ford Deal with Juniper; Credit Line Reaffirmed
Penn Virginia Corp. has announced the closing of the $38.4MM Juniper transaction, expanding its Eagle Ford portfolio. The company also reported the reaffirmation of its borrowing base, and the appointment of additional members to the Company's...
Penn Virginia Details Management Team Changes
Penn Virginia Corp. announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. Separately, the Company also announced that it had appointed Julia Gwaltney as its new Senior Vice...
Penn Virginia Third Quarter 2020 Results
Penn Virginia Corp. announced its financial and operational results for the third quarter 2020. Recent Highlights: Entered into strategic agreements with certain affiliates of Juniper Capital Advisors, L.P. ("Juniper") whereby Juniper would acquire equity in Penn...
PE Firm Invests $188MM in Penn Virginia in Exchange for Equity Stake
Penn Virginia Corp. has struck an investment deal with Juniper Capital worth $188.4 million. As part of this, Penn Virginia also concurrently announced a $38.4 million Eagle Ford bolt-on acquisition. After completion of the deal, Juniper...
Penn Virginia President & CEO Retires; Successor Named
Penn Virginia Corp. has announced the retirement of President & CEO John A. Brooks. The company also announced the appointment of Darrin J. Henke as President, CEO and Director of the Company, effective immediately. About Henke...
Penn Virginia Second Quarter 2020 Results
Penn Virginia Corp. announced its financial and operational results for the second quarter 2020. Recent Significant Highlights Generated net cash provided by operating activities of $56.4 million and free cash flow ("FCF")(1) of $6.6 million for...
Eagle Ford Well Results - July 21 2020
Back by popular demand. Today we resume providing weekly basins well results. You can get access to well results by going here. (requires a subscription)
Penn Virginia Expects Q2 Output to Drop ~10% from Q1; Free Cash Flow Positive
Penn Virginia Corp. detailed some of its preliminary Q2 2020 results. Prelim Highlights: Estimated production for the second quarter of 2020 of between 18,500-18,900 BOPD and between 24,100-24,600 BOEPD - this is down 10% and 9%,...
Penn Virginia Director Leaves Board After Selling Shares at Massive Loss
Penn Virginia Corp. announced the resignation of Brian Steck from Penn Virginia's Board of Directors effective June 26, 2020. His resignation came after a reduction of Mangrove Partners' holdings in the Company. As you can see...
Insider Activity: Murphy, Callon, Penn Virginia Execs Stock Transactions: 6/10/20
Today on Insider Transactions We see that Christopher sold 54% of his total holdings in Murphy Oil. Mangrove Partners, who owns 11% of the Penn Virginia also sold 597,131 shares.
Eagle Ford Operators Talk Fracking Restart, Increase Drilling & More
As the front months prices for WTI firms up, we are looking at what will drive Eagle Ford operators to resume increase drilling and start fracking wells again. We reviewed data from the most recent quarterly...
Penn Virginia First Quarter 2020 Results
Penn Virginia Corp. announced its financial and operational results for the first quarter 2020. Recent Significant Highlights Generated net cash provided by operating activities of $72.5 million and free cash flow ("FCF")(1) of $10.5 million for...