Penn Virginia Corp. today announced its financial and operational results for the first quarter 2021. Recent Significant Highlights Sold 16,324 barrels of oil per day for the first quarter of 2021, exceeding the high end of the first quarter guidance range. Total sales volumes for the first quarter of 2021 were 20,534 barrels of oil equivalent per [...]
Penn Virginia Corp. today announced an operational update and timing of its first quarter 2021 earnings release and conference call. Operational and Financial Update Sold 16,324 barrels of oil per day for the first quarter of 2021, exceeding the high end of the most recent guidance range. Total sales volumes for the first quarter of 2021 were [...]
Penn Virginia Corp. today announced its financial and operational results for the fourth quarter and full-year 2020 and 2021 outlook. Significant Highlights Generated net cash provided by operating activities of $32 million for the fourth quarter of 2020. For the full-year 2020, the Company generated net cash provided by operating activities of [...]
Penn Virginia Corp. announced today that it will release fourth quarter and full-year 2020 results after the market closes on Monday, March 8, 2021, and hold a conference call and webcast on Tuesday, March 9, 2021, at 11 a.m. Eastern. Event: Penn Virginia Corp. Fourth Quarter and Full-Year 2020 Earnings Call. Earnings Call Timing: Tuesday, March 9 [...]
Penn Virginia Corp. today announced an operational update. Operational and Financial Update Closed transactions with Juniper Capital on January 15, 2021, which resulted in reduced debt, enhanced liquidity and a larger asset base; Sold 16,719 barrels of oil per day for the fourth quarter of 2020, at the high end of guidance. Total sales for the [...]
Penn Virginia Corp. today announced the closing of the Juniper transaction, reaffirmation of its borrowing base, and the appointment of additional members to the Company's Board of Directors. In conjunction with the closing of the transaction, the Board has increased from four members to nine members, and Edward Geiser will serve as the new [...]
Penn Virginia Corp. and certain affiliates of Juniper Capital Advisors, L.P. today announced the shareholders of Penn Virginia voted in favor of all proposals associated with Juniper's strategic investment in Penn Virginia. The transaction is expected to close on January 15, 2021. At the special meeting of Penn Virginia shareholders held today [...]
Penn Virginia Corp. today announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. “On behalf of the entire Company, we want to thank Ben for his years of hard work and commitment to Penn Virginia,” said Darrin Henke, President and Chief Executive Officer of Penn Virginia. “He has [...]
Penn Virginia Corp. today announced its financial and operational results for the third quarter 2020. Recent Significant Highlights Entered into strategic agreements with certain affiliates of Juniper Capital Advisors, L.P. whereby Juniper would acquire equity in Penn Virginia for a cash investment of $150 million and the contribution of $38.4 [...]
Penn Virginia Corp. and certain affiliates of Juniper Capital Advisors, L.P. today announced a strategic transaction to improve Penn Virginia’s balance sheet and liquidity position, extend its second-lien term loan maturity and increase its cash flow and drilling inventory with complementary bolt-on assets. Juniper will make a $188.4 million [...]
Penn Virginia Corp. today announced an operational update and timing of its third quarter 2020 earnings release and conference call. Operational and Financial Update Estimated sales for the third quarter of 2020 of 18,383 barrels of oil per day, which is above the mid-point of the guidance range; Realized oil price for the third quarter of 2020 of [...]
Penn Virginia Corp. today announced that Darrin Henke, President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference on Wednesday, September 9, 2020, at 1:05 p.m. Eastern Time. An updated corporate presentation for the conference will be posted to the Company’s website the morning of Wednesday, September [...]
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