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News Breaks | | | | October 3, 2012 | | 10:32 EDT |  | PVA | Penn Virginia acquires additional Eagle Ford shale acreage for $10M
Penn Virginia Corporation announced that it acquired approximately 4,100 net Eagle Ford Shale acres in Gonzales and Lavaca Counties, Texas for approximately $10M. Under existing joint venture agreements, other non-operated working interest owners are expected to acquire approximately 17% of the net acreage in Gonzales County and approximately 46% of the net acreage in Lavaca County, increasing the company's Eagle Ford Shale acreage position by approximately 3,000 net acres to a total of approximately 30,000 net acres, or approximately 40,100 gross acres. The acquired 3,200 net acres of leasehold in Gonzales County is adjacent to the company's development area and is estimated to contain approximately 20 horizontal well locations, excluding any down spaced drilling opportunities. The acquired 895 net acres of leasehold in Lavaca County is complementary to existing leasehold in nine units, with an estimated addition of approximately 10 horizontal well locations, the company said. | |
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News For PVA From The Last 14 Days Check below for free stories on PVA the last two weeks. |
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| May 8, 2013 | | 16:36 EDT | | PVA | Penn Virginia sees 2013 oil production growth 60%-78%
 Subscribe for More Information | | | 16:33 EDT |  | PVA | Penn Virginia reports Q1 adjusted EPS (19c), consensus (23c)
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