Penn Virginia – Page 2 – Oil & Gas 360

Production Up, Coiled Tubing Revenue Up 70%, Acquisitions, and a Super Pad: EnerCom presenters NOG, KEG, MPO, PVAC talk 2Q

August 9, 2017

Four presenters at EnerCom’s 22nd The Oil & Gas Conference® announced earnings and operational updates for Q2. Northern Oil and Gas Northern Oil and Gas (ticker: NOG) said that its average production had grown 4% from the first quarter to the second, up to 13,794 BOEPD. The company produced a total of 1,255,280 BOE over the course of the quarter.

Strong Eagle Ford Wells Point to Hot Spot for Penn Virginia

June 29, 2017

Recent completion successes and an enhanced borrowing base of $200 million sets the stage for Penn Virginia Corporation’s (ticker: PVAC) path to growth. Completions and other operations Penn Virginia announced in on June 28th, 2017 the success of two wells producing from its Zebra pad out of the Eagle Ford formation in Gonzalez County, Texas. The two recently completed wells

More than 100 Oil and Gas Operators have Filed for Bankruptcy as of August

September 15, 2016

Oil & Gas Bankruptcy Continues to Climb to $50.4 Billion in August Three more companies joined the ranks of those that have filed for Chapter 11 bankruptcy protection since the fall in oil prices. The three companies had combined debt of approximately $367 million, bringing the total number of oil and gas producers to file for bankruptcy in 2016 to

Penn Virginia Corporation Emerges From Bankruptcy after 4 Months

September 13, 2016

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

Penn Virginia Pads Balance Sheet in $75 Million Non-core Asset Sale

July 16, 2015

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

Penn Virginia Ramping Up Eagle Ford Operations

May 15, 2015

Penn Virginia Corp. (ticker: PVA) has spent the last few years building up its position in the Eagle Ford Shale of South Texas, and production increases combined with decreasing completion costs were the highlights of the company’s Q1’15 earnings release. The quarterly update, issued on May 11, 2015, reported average volumes of 24,721 BOEPD, with the Eagle Ford (EF) accounting

Penn Virginia Corp. – Day Two Breakout Notes

August 15, 2012

James Dean, Vice President, Corporate Development of Penn Virginia Corp (PVA) presented today at EnerCom’s The Oil & Gas Conference® 17. PVA is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions including Texas, the Mid-Continent and Mississippi. During the company’s breakout session, management was asked

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