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Brief -- Penn Virginia Corp.

Eagle Ford Shale operator Penn Virginia Corp. has sold noncore South Texas assets to an undisclosed buyer for $13 million, the company said. The divested properties are in far southwest Gonzales County, TX, "a significant distance away from our main acreage block, and include three producing wells with September 2015 net production of approximately 250 boe/d, approximately 950 net developed acres and estimated midyear 2015 proved developed reserves, as determined by third party engineers, of approximately 595,000 boe," the company said. "Following the sale, we still hold leasehold interests in 100,400 net acres in South Texas, including approximately 52,500 undeveloped net acres."
ISSN © 2577-9877 | ISSN © 2158-8023

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