Penn Virginia Corp.

Penn Virginia today announced it closed the acquisition of Lonestar Resources US Inc. and plans to rename the combined company Ranger Oil Corp. The Company also announced plans for future operational activity, changes to the composition of its Board of Directors, and a reset of certain Lonestar hedges. The Company maintains focus on maximizing [...]

Penn Virginia today announced its participation in an upcoming investor conference. Darrin Henke, President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference on September 10, 2021 at 9:45 am ET. The Company's management will participate in meetings immediately following this presentation. A link to the [...]

Penn Virginia today announced an increase to the Company's borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination. Upon closing of the merger with Lonestar Resources US Inc. and subject to the terms of the amendment, Penn Virginia's borrowing base under its revolving credit facility will increase [...]

Penn Virginia Corp. today announced its participation in an upcoming investor conference. The Company's management will attend and participate in meetings at EnerCom's The Oil and Gas Conference in Denver on August 16-17, 2021. A link to the presentation slides will also be available on the Company's website. Penn Virginia Corp. is a pure-play [...]

--- Exceeds High End of Oil Sales Volume Guidance on Reduced Per Well Capital Expenditures --- --- Recently Announced All-Stock Acquisition of Lonestar Resources Expected to be Accretive Across Key Metrics, Including Free Cash Flow Generation --- HOUSTON, Aug. 03, 2021 -- Penn Virginia Corp. today announced its financial and operational results for [...]

Penn Virginia Corp. today announced that its indirect, wholly owned subsidiary Penn Virginia Escrow LLC has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2026 . The Notes will initially be sold at 99.018% of par. The gross proceeds of the offering and other funds will initially be deposited in an [...]

Penn Virginia Corp. today announced that, subject to market conditions and other factors, its indirect, wholly owned subsidiary Penn Virginia Escrow LLC intends to offer $400 million aggregate principal amount of senior unsecured notes due 2026 . The gross proceeds of the offering and other funds will initially be deposited in an escrow account [...]

Penn Virginia Corp. today announced an operational update and timing of its second quarter 2021 earnings release and conference call. Preliminary Operational and Financial Update As previously announced, Penn Virginia entered into an agreement to acquire Lonestar Resources US Inc. in an all-stock transaction. The transaction is expected to [...]

Penn Virginia Corp. and Lonestar Resources US Inc. today announced that they have entered into a definitive merger agreement under which Penn Virginia will acquire Lonestar in an all-stock transaction. Under the terms of the agreement, Lonestar shareholders will receive 0.51 shares of common stock of Penn Virginia for each share of common stock of [...]

Penn Virginia Corp. today announced the deferral of its senior unsecured notes offering. Darrin Henke, President and Chief Executive Officer of Penn Virginia, commented, "We received indications from potential bond investors that the proposed new financing didn't materially differentiate from our financing in place currently. Given the strength of [...]