Current PVA Stock Info

On July 15, 2015, Penn Virginia (ticker: PVA) announced the sale of its East Texas assets to an undisclosed buyer for gross proceeds of $75 million. The sale is expected to close by August 2015 and includes approximately 33,400 net acres in the Cotton Valley and Haynesville Shale with average Q2’15 production of 1,870 BOEPD (76% gas). The acreage includes 13.7 MMBOE of proved reserves (77% gas) and 85% are classified as proved developed.

PVA had deferred drilling operations in the region until natural gas prices strengthened, according to ma...

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