One-Page Deal Sheet
Penn Virginia Sells Gulf Coast Assets
Not Disclosed Penn Virginia Corp
Announced Date
February 01,2010
Close Date
February 01,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
38
Location
Region
Gulf Coast
Country
United States
State
Texas
Transaction Details: Subscribe to see
Penn Virginia Corporation announced today that it has closed the previously announced sale to a private company of its Gulf Coast assets in south Louisiana and south Texas for $38.0 million. In addition, PVA purchased from the same private company oil and gas assets located in the Gwinville Field in Jefferson Davis County, Mississippi for $6.0 million.
The assets acquired in Mississippi, consisting of approximately 1,300 (925 net) acres, are adjacent to PVA’s Selma Chalk assets and have an estimated 10 gross horizontal drilling locations. The acquired assets include estimated proved reserves…
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