One-Page Deal Sheet
Penn Virginia Acquires Mississippi and East Texas Assets
Penn Virginia Corp Not Disclosed
Announced Date
March 01,2008
Close Date
July 02,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
33
Asset/Basin:
{Ark-La-Tex}
TargetZones:
{"Cotton Valley","Se
Location
Region
Ark-La-Tex
Country
United States
State
Texas
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Penn Virginia Corporation announced today that it has closed two acquisitions for $32.5 million, including one in east Texas targeting the Cotton Valley and one in Mississippi targeting the Selma Chalk.
Highlights of the transactions include the following:
East Texas (Cotton Valley)
Approximately 4,000 acres located in the Woodlawn Field of Harrison County, Texas, with a working interest of approximately 99 percent and an average net revenue interest of approximately 76 percent;
Estimated proved reserves of 19.5 billion cubic feet of natural gas equivalent (?Bcfe?), 3.3 Bcfe of which are…
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