Penn Virginia Company News

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Denbury, Penn Virginia Terminate $1.7B Merger
Monday, April 01, 2019 The two companies agreed to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia for $1.7 billion.

Penn Virginia Acquires Magnum Hunter's Assets in Eagle Ford Play
Wednesday, April 03, 2013 Penn Virginia and Magnum Hunter finalize a $400 million agreement over shale mineral acres in south Texas.

Penn Virginia Sells Appalachian Assets
Tuesday, July 17, 2012 Penn Virginia has entered into a definitive agreement to sell substantially all of its Appalachian assets to an undisclosed buyer for gross cash proceeds of $100M.

PVR Tags $380M for Marcellus Projects
Monday, May 21, 2012 PVR has entered long-term agreements to extend its pipeline in Lycoming County and provide various gathering, compression and related services to four Marcellus Shale natural gas producers.

Penn Virginia Extends Reach in Eagle Ford
Wednesday, December 21, 2011 Penn Virginia Corporation announces it has completed an agreement with an undisclosed major O&G company to jointly explore the Eagle Ford Shale in Lavaca County, Texas.

Aqua America, PVR Partners Form JV for Private Water Pipeline in Pa.
Wednesday, September 21, 2011 Aqua America and PVR Partners announced that certain of their operating subsidiaries have formed a JV to construct and operate a private pipeline system to supply fresh water to natural gas producers drilling in the Marcellus Shale in Pa.

Penn Virginia Sees 12% Increase in 2Q Production
Wednesday, August 03, 2011 Production in the second quarter of 2011 was approximately 11.7 Bcfe, or 128.6 MMcfe per day, a 12 percent increase in the prior year quarter.

Penn Virginia to Sell Arkoma Basin Properties
Friday, July 29, 2011 Penn Virginia has entered into a definitive agreement to sell substantially all of its Arkoma Basin properties, together with certain other Mid-Continent properties, to an undisclosed buyer.

Penn Virginia Disappointed by Initial Marcellus Production Rates
Tuesday, June 28, 2011 "The Marcellus Shale test wells had initial production rates which fell short of our expectations," commented H. Baird Whitehead.

Penn Virginia Briefs on Eagle Ford Wells
Tuesday, June 14, 2011 "The strong results from our first six Eagle Ford Shale wells are consistent with our geological and economic models," said H. Baird Whitehead.

Penn Virginia Resources, Penn Virginia GP Holdings to Merge Partnerships
Tuesday, September 21, 2010 Penn Virginia Resource and Penn Virginia GP Holdings announced a definitive agreement that would result in the merger of the two partnerships.

Penn Virginia Expands Presence in Eagle Ford Shale
Thursday, August 12, 2010 Penn Virginia has acquired approximately 6,800 net Eagle Ford Shale acres located primarily in Gonzales County, Texas.

Penn Virginia Boosts 2Q Production to 10.5 Bcfe Per Day
Wednesday, August 04, 2010 Penn Virginia reported production of 10.5 billion cubic feet of natural gas equivalent (Bcfe), or 115.1 million cubic feet of natural gas equivalent (MMcfe) per day.

Penn Virginia Posts 1Q Results
Thursday, April 29, 2010 Penn Virginia provided an update of its oil and gas operations, including first quarter 2010 results and full-year 2010 guidance.

Penn Virginia Sets Record at 942 Bcfe for Year-End Reserves
Friday, February 05, 2010 Penn Virginia reported record levels of proved oil and gas reserves and production and provided an update of its oil and gas operations, including full-year and fourth quarter 2009 results, guidance and liquidity.

Penn Virginia Elects John U. Clarke to Board
Thursday, December 10, 2009 Penn Virginia announced that John U. Clarke was elected to the Company's Board of Directors.

Penn Virginia Posts Results, Plans to Exit Gulf Coast Next Quarter
Friday, October 30, 2009 Penn Virginia has provided an update of its oil and gas operational activities, including third quarter 2009 results and full-year 2009 and preliminary full-year 2010 guidance.

Penn Virginia to Offer $250MM of Senior Notes
Wednesday, June 03, 2009 Penn Virginia Corporation intends to offer $250 million aggregate principal amount of senior notes due 2016 in an underwritten public offering.

Penn Virginia Posts Lower Bossier (Haynesville) Shale Well Results
Tuesday, June 02, 2009 Penn Virginia Corporation announced the results of a horizontal Lower Bossier (Haynesville) Shale well in Harrison County in east Texas.

Penn Virginia Corp.'s Record Quarterly Production Up by 32%
Friday, May 01, 2009 Penn Virginia Corporation announced record levels of quarterly production and provided an update of its oil and gas operational activities, including first quarter 2009 operational results and full-year 2009 guidance.

Penn Virginia Announces $450MM Borrowing Base
Tuesday, March 31, 2009 Penn Virginia announced that its bank group has completed a semi-annual re-determination of the borrowing base under its revolving credit facility.

Brigham Reports Four Completions
Tuesday, March 27, 2007 Brigham Exploration Co. said that four wells--including the Cotten Land #3, the Marie Snyder #1, the Mills Ranch 96#1 and the Dawson #1S--were producing to sales.