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One-Page Deal Sheet

Penn Virginia Corporation To Sell Appalachian Coalbed Assets

Not Disclosed Penn Virginia Corp
AnnouncedJul 17, 2012
TypeProperty
Announced Date
July 17,2012
Effective Date
January 01,2012
Close Date
July 31,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
100




Snapshot
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Coalbed Methane",C
Proved Reserves
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Location
Region
Northeast

Country
United States

State
Pennsylvania

Production & Reserves
Production
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Reserves
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Transaction Details:  Subscribe to see

Penn Virginia Corporation has entered into a definitive agreement to sell substantially all of its Appalachian assets, with the exception of the Marcellus Shale, to an undisclosed buyer for gross cash proceeds of $100 million.

This sale is expected to close before mid-August and is subject to customary purchase price adjustments and other customary closing conditions. The effective date of the sale is January 1, 2012. We intend to use the net proceeds from this sale to help fund our 2012 capital expenditure plan.

The properties to be sold include vertical and horizontal coalbed methane and…


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United States Deal Activity In Last 12 Months


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Price History


Date Deal Headline Price$/acre
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -  
Apr-22-2025 EQT Acquires Olympus Energy Assets For $1.8 Billion -   18,000
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