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Stock Market & Financial Investment News

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January 29, 2013
07:11 EDTPVAPenn Virginia reports Q4 production 1.4MMBOE
Reports Q4 production of 1.4 MMBOE, or 15,444 barrels of oil equivalent per day, compared to 1.4 MMBOE, or 15,245 BOEPD, pro forma to exclude production from Appalachian assets sold in July 2012. Eagle Ford Shale net production was approximately 6,900 BOEPD in the fourth quarter of 2012, compared to approximately 6,300 BOEPD. Oil and NGL production was 56% of quarterly production, compared to 52%.
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August 25, 2014
11:44 EDTPVAStocks with call strike movement; PVA HLF
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07:14 EDTPVAPenn Virginia sees Q3 production 1,909 MBOE-2,024 MBOE
Sees Q3 total production 20,750 BOEPD-22,000 BOEPD. Although well results continue to meet or exceed expectations, the company anticipates delays in the timing of completions associated with 2H14 drilling program, including those wells to be drilled with the recently added seventh and eighth drilling rigs. In addition, as a result of the delays, the company now expects four fewer wells will be turned in line in 2014, with those four wells now expected to be turned in line during 1Q15. Pro forma for the sale of the company's Mississippi assets, which closed at the end of July, the company now expects a 1%-7% increase in production in Q3 over Q2 and a 29%-36% increase in production in Q4 over Q3. The company's Eagle Ford production is expected to increase approximately 50%-60% in Q2 over the first half, driven by continued well completions and anticipated strong well results.

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