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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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October 6, 2015
07:01 EDTPVAPenn Virginia sells non-core South Texas assets for $13M
Penn Virginia announced that it has sold certain non-core South Texas assets to an undisclosed buyer for gross cash proceeds of $13M. The divested properties are located in far southwest Gonzales County, Texas, a significant distance away from our main acreage block, and include three producing wells with September 2015 net production of approximately 250 barrels of oil equivalent per day, approximately 950 net developed acres and estimated mid-year 2015 proved developed reserves, as determined by third party engineers, of approximately 595,000 BOE.

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