Last €6.11 EUR
Change Today +0.085 / 1.41%
Volume 140.0
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As of 11:34 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

penn virginia corp (PVA) Snapshot

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04/25/14 - €12.88
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10/31/13 - €5.33
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penn virginia corp (PVA) Details

Penn Virginia Corporation, an independent oil and gas company, is engaged in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. Its operations include the drilling of unconventional horizontal development wells in shale formations primarily in the Eagle Ford Shale in South Texas. The company also has operations in the Granite Wash in the Mid-Continent, the Haynesville Shale and Cotton Valley in East Texas, the Selma Chalk in Mississippi, and the Marcellus Shale in Pennsylvania. As of December 31, 2013, it had 1,213 productive wells; owned approximately 280,400 acres of leasehold and royalty interests; and had proved reserves of approximately 136 million barrels of oil equivalent. The company was founded in 1882 and is headquartered in Radnor, Pennsylvania.

144 Employees
Last Reported Date: 02/24/14
Founded in 1882

penn virginia corp (PVA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $595.0K
Chief Operations Officer and Executive Vice P...
Total Annual Compensation: $640.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $585.0K
Compensation as of Fiscal Year 2013.

penn virginia corp (PVA) Key Developments

Penn Virginia Corporation Announces Borrowing Base Increase to $500 Million

Penn Virginia Corporation announced 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 balance as of September 30, 2014, is in excess of $620 million. The 14% increase in the borrowing base is the result of PVA's ongoing and successful Eagle Ford Shale drilling program and the increased value of proved reserves. Under the terms of the credit facility, which matures in September 2017, the bank group re-determines the borrowing base semi-annually utilizing the banks' estimates of reserves and future oil and gas prices.

Penn Virginia Corporation Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

Penn Virginia Corporation Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: H. Baird Whitehead, Chief Executive Officer, President and Director.

Penn Virginia Corporation - Shareholder/Analyst Call

Penn Virginia Corporation - Shareholder/Analyst Call


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