Total Production Up 4% Quarter-Over-Quarter, Exceeding Guidance Eagle Ford Production Up 8% Quarter-Over-Quarter Adjusted EBITDAX Increased to $98 Million Borrowing Base Increased to $500 Million RADNOR, Pa., Oct. 29, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today reported financial results for the three months ended September [...]
RADNOR, Pa., Oct. 24, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) announced today that its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million. PVA's financial liquidity, inclusive of the expanded borrowing capacity and its $124 million cash [...]
RADNOR, Pa., Sept. 30, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it will release its third quarter 2014 results after the market closes on Wednesday, October 29, 2014 and hold a conference call / webcast on Thursday, October 30, 2014 at 10:00 a.m. ET. In addition, PVA announced upcoming investor conference [...]
RADNOR, Pa., Sept. 19, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Penn Virginia Corp. (NYSE:PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on October 15, 2014, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a [...]
RADNOR, Pa., Aug. 25, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) announced updated guidance for the second half of 2014. PVA also announced it has released a new investor presentation and its upcoming investor conference schedule. Guidance Update Although well results continue to meet or exceed expectations, we anticipate delays in [...]
RADNOR, Pa., Aug. 4, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it has closed the previously announced sale of its Mississippi assets to an undisclosed buyer. The gross cash proceeds of the sale were approximately $73 million. In addition, we received approximately $35 million, including accrued interest, as a [...]
BOSTON, July 30, 2014 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight") announced today that Republic Midstream, LLC ("Republic Midstream"), a newly-formed portfolio company, executed agreements with Penn Virginia Corp. (NYSE: PVA; "Penn Virginia") to construct and operate a crude oil gathering system, a central delivery terminal complex [...]
RADNOR, Pa., July 30, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today reported financial results for the three months ended June 30, 2014 and provided updates of its operations, 2014 guidance and 2015 preliminary guidance. Key Highlights Second quarter production from Eagle Ford Shale operations increased six percent to 15,618 [...]
RADNOR, Pa., July 30, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it has sold the right to construct and operate a crude oil gathering and intermediate transportation system covering a portion of its Eagle Ford Shale acreage to Republic Midstream, LLC (Republic) for $150 million. Republic is a joint venture funded [...]
APPROXIMATELY 11,660 NET ACRES AND APPROXIMATELY 150 POTENTIAL DRILLING LOCATIONS EAGLE FORD SHALE POSITION NOW APPROXIMATELY 101,800 NET ACRES AND OVER 1,600 DRILLING LOCATIONS RADNOR, Pa., July 10, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it has entered into a definitive agreement to acquire [...]
RADNOR, Pa., July 2, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it will release its second quarter 2014 results after the market closes on Wednesday, July 30, 2014 and hold a conference call / webcast on Thursday, July 31, 2014 at 10:00 a.m. ET. The full text of the second quarter earnings release and a link to [...]
RADNOR, Pa., June 20, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Penn Virginia Corp. (NYSE:PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on July 15, 2014, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share [...]