Penn Virginia Completes $100MM Transaction to Fund Future Oil Growth
July 17, 2012
Penn Virginia Corporation (ticker: PVA) announced it entered into a Purchase and Sale 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 $100MM. The sale is expected to close before mid-August 2012 with an effective date of January 1, 2012. PVA intends to use
