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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:10 EDTPVAPenn Virginia reports proved oil and gas reserves 113.5MMBOE at year-end 2012
Proved oil and natural gas liquids reserves increased 28% to 45.5 MMBOE, or 40% of total proved reserves, from 35.6 MMBOE, or 24% of total proved reserves, at year-end 2011. Eagle Ford Shale proved reserves increased by 161% from 10.0 MMBOE at year-end 2011 to 26.1 MMBOE at year-end 2012. Pro forma natural gas proved reserves decreased by 161 billion cubic feet, or 28%, primarily due to low gas prices.
News For PVA From The Last 14 Days
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April 16, 2015
10:10 EDTPVAPenn Virginia sale process said to stall, dealReporter says
Penn Virginia’s sale process has stalled due to valuation issues that have not been bridged by the seller and potential buyers, reported dealReporter, citing industry bankers, according to contacts. Penn Virginia shares are down 2.9% to $7.76 in early trading.

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