Houston-based Penn Virginia Corp. (PVA) common shares have begun trading on the NASDAQ Global Select Market under the trading symbol "PVAC." Trading has ceased on the OTCQX U.S. Premier Market. "We believe the move to NASDAQ will improve the visibility of our stock, enhance trading liquidity in our shares and reposition the company for long-term profitable growth," said interim CEO John Brooks. PVA is an independent oil and gas company mainly focused on the Eagle Ford Shale in South Texas.
ThePennsylvania Department of Environmental Protection plans to conduct a listening tour across the state in early 2017, with a particular focus on increasing its outreach in impoverished areas affected by natural gas development. The agency has a working group looking at the relationship between oil and gas permitting in areas where poverty rates are high. The agency in 2015 said it would revive its long dormant Office of Environmental Justice, a program aimed at protecting low income areas from industrial development such as oil and gas drilling.
Colorado Gov. John Hickenlooperhas signed into law Initiative 71, a measure passed in November by 57% of the voters to limit state constitutional amendments. The measure, supported by business, labor and oil/gas industry organizations, and known as "Raise the Bar," requires future petition-gatherers to obtain valid signatures from at least 2% of the registered voting population in all 35 state senate districts.