Lower 48 explorer Denbury Resources Inc. has scuttled plans to take over Penn Virginia Corp., blaming “difficult market conditions” and opposition by some shareholders.
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Denbury Resources Inc. has clinched a merger agreement with Eagle Ford Shale pure-play Penn Virginia Corp., a transaction valued at $1.7 billion plus debt that would build a substantial foothold in South Texas.
Devon Energy Corp. has agreed to sell noncore assets in the Eagle Ford Shale in Lavaca County, TX, to Penn Virginia Corp. for $205 million, the companies said Monday.
A U.S. bankruptcy court has approved Penn Virginia Corp.’s restructuring plan a month after the 134 year-old company filed for Chapter 11 protection, giving it what could be a swift exit from the proceedings.
The Pennsylvania Public Utility Commission (PUC) plans to launch separate investigations into a tariff filing by Peoples Natural Gas Co. LLC and its Equitable Gas division, and distribution rate increase requests by four electric utilities owned by FirstEnergy Corp.
Lone Star Value Management LLC, which owns around 2.8% of Penn Virginia Corp. (PVA), on Friday called for a strategic review to explore "all credible proposals" in light of rumors that an offer by BP plc was rejected.
Lone Star Value Management LLC, which owns around 2.8% of Penn Virginia Corp. (PVA), on Friday called for a strategic review to explore “all credible proposals” in light of rumors that an offer by BP plc was rejected.
Three weeks after the launch of the Center for Sustainable Shale Development (CSSD) and its proposed certification process, many oil and natural gas producers are in the dark about the initiative and taking a “wait and see” approach to participating.