Operator · Granite Wash & Marcellus Shale
Penn Virginia Corp
80 articles mentioning Penn Virginia Corp · Page 2 of 4
Penn Virginia's Borrowing Base Cut 20%; Curtails Production, Halts All D&C Activity
Penn Virginia has reported several developments including a change to its borrowing base, production curtailments and updated hedges. Borrowing Base Cut to $400MM (-20%) Penn Virginia's borrowing base was lowered from $500MM to $400MM (down 20%)....
Penn Virginia Cuts Eagle Ford 2020 Capex by 30%; Hedge Update
Penn Virginia Corp. has reduced its 2020 capital budget and increased its 2020 oil hedge positions. 2020 Development Plans Update Penn Virginia has reduced its 2020 capital budget by approximately 30% from its original budget (down...
Penn Virginia Reports Q4 2019 Results
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...
Penn Virginia's Borrowing Base Reaffirmed at $500MM
Penn Virginia Corp. has reported that the company's borrowing base has been reaffirmed at $500 million.
Penn Virginia to Run Two Rigs Throughout 2020; Talks Q3
Penn Virginia Corp. reported its results for Q3 2019. Outlook - Maintain 2 Rigs Throughout 2020 The Company is committed to maintaining financial discipline and a strong balance sheet. Penn Virginia is targeting year-over-year production growth...
Penn Virginia Hires Former Extraction Exec as New CFO
Penn Virginia Corp. announced that Russell T. Kelley, Jr. has been named Senior Vice President, Chief Financial Officer and Treasurer effective November 13, 2019. About Kelley Mr. Kelley previously served as Chief Financial Officer of Extraction...
Penn Virginia Adds Oil Execs to Board of Directors
Penn Virginia Corp. announced that Tiffany ("TJ") Thom Cepak and Jeffrey E. Wojahn have been appointed to the Company's Board of Directors, effective immediately. About Cepak Ms. Cepak has more than 20 years of operational and...
Penn Virginia Details Q2 2019 Results
Penn Virginia Corp. announced its financial and operational results for the second quarter 2019. Recent Significant Highlights Produced 27,845 barrels of oil equivalent per day ("BOEPD") (72% crude oil) in the second quarter of 2019, which...
Penn Virginia CFO to Depart the Company
Penn Virginia Corp. announced that Steven A. Hartman, Senior Vice President, CFO, will be stepping down from his role. Mr. Hartman will continue as CFO until a successor is appointed and will assist in a smooth...
Penn Virginia Director Resigns from Board
Penn Virginia Corp. announced that Michael Hanna has resigned from the Board of Directors, effective immediately. Hanna commented: "I have appreciated the opportunity to serve on Penn Virginia's Board and enjoyed contributing to the strategic direction...
Penn Virginia Reports Changes to Board of Directors
Penn Virginia Corp. announced that Brian Steck has been appointed to the Company's Board of Directors and David Geenberg has resigned from the Board, both effective immediately. About Steck Mr. Steck has over 20 years of...
Penn Virginia, Denbury Scrap Merger Deal
Penn Virginia and Denbury Resources have mutually agreed to terminate their pending merger agreement. The companies signed the $1.7B deal in late October 2018. Neither Penn Virginia nor Denbury will be responsible for any payments to...
Penn Virginia Grows Production +144% YOY to 22.9 MBOEPD; Touts Drill Time Record
Penn Virginia reported its Q3 2018 results. Recently, Penn Virginia inked a deal where it will be acquired by Denbury Resources for $1.7B. This agreement came shortly after the company announced it was exploring strategic alternatives...
Penn Virginia Adds GCP Capital Co-Founder to Board
Penn Virginia announced that V. Frank Pottow has joined the Board of Directors as a new independent member, effective September 10, 2018. About Pottow: Mr. Pottow is the Co-Founder of GCP Capital and has been a...
Penn Virginia Adds to 2018 Capex to Fund Longer Laterals; Drills Longest to Date at 11,000'
Penn Virginia reported its Q2 2018 results. 2018 Capex Upped to Support More Wells, Longer Laterals Penn Virginia updated its 2018 guidance as follows: - Capex increased to $390-410 million (up +18% at the midpoint from...
Eagle Ford Operator Exploring Strategic Alternatives
Eagle Ford-focused Penn Virginia's board announced that it intends to evaluate a range of strategic alternatives to enhance the company's value. The company has retained Jefferies LLC to assist in the process. John A. Brooks, President...
Penn Virginia Gets 33% Oilier from Last Quarter; Drills Longest Lateral to Date
Penn Virginia reported its Q1 2018 results in the South Texas Eagle Ford Shale including well IP rates, production and financial results.
Penn Virginia's Geo Hunter Pad IPs Impress in Q4; Production Up 32% YOY
Penn Virginia reported its Q4 and full year 2017 results, including Eagle Ford well results, drilling activity and corporate production rates.
Penn Virginia Reports Resignation of Director
Penn Virginia announced the resignation of Marc McCarthy from its board of directors. McCarthy resigned on March 6, 2018 due to increased demands of his other professional commitments and has no disagreements with the Company.
Penn Virginia Touts Latest Pad Drilling IPs; 5,000+ BOEPD
Penn Virginia reported its Q4 and full year 2017 results. Geo Hunter Pad Results Impress Strong well results in Area 2 the two-well Geo Hunter pad had a IP30 of 3,767 BOEPD and a previously announced...