Tuesday, August 18, 2026
Earthstone Energy

Penn Virginia Corporation Emerges From Bankruptcy after 4 Months

Penn Virginia Secures Commitment for up to $200 Million in New Financing, Closes on a $50 Million Rights Offering The U.S. Bankruptcy Court for the Eastern District of Virginia on August 11, 2016, confirmed that Penn Virginia Corporation has satisfied the conditions precedent to the effectiveness of its Plan of Reorganization. The company had filed voluntary Chapter 11 in May