Penn Virginia

Eagle Ford Shale pure-play Penn Virginia Corp. plans to maintain its current two-rig program through 2021 to grow production after it temporarily suspended drilling last year because of the Covid-19 pandemic. During a conference call Wednesday to discuss 4Q2020 results, CEO Darrin Henke said continuing with two rigs “makes sense” in light of the recent…

Penn Virginia Corp. reported Tuesday that it has completed its acquisition of Eagle Ford Shale assets located primarily in Lavaca County, TX from Devon Energy Corp. for $205 million in cash.

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 mainlyfocused on the Eagle Ford Shale in South Texas.

Penn Virginia Corp. (PVA) interim CEO Edward Cloues on Tuesday told analysts following the company that he’s a believer in its future and the Eagle Ford Shale-focused producer will make it out the other side of the commodity price collapse.