Radnor

Penn Virginia Resource Partners LP on Tuesday agreed to buy general partner Penn Virginia GP Holdings LP in a stock transaction valued at about $954.5 million.

With the goal of becoming a pure-play natural gas and oil producer, Radnor, PA-based Penn Virginia Corp. (PVA) last week completed the spin-off of its interests in Penn Virginia GP Holdings, LP (PVG).

With the goal of becoming a pure-play natural gas and oil producer, Radnor, PA-based Penn Virginia Corp. (PVA) earlier this week completed the spin-off of its interests in Penn Virginia GP Holdings, LP (PVG).

Radnor, PA-based producer Penn Virginia Corp. cut its full-year 2008 oil and gas production guidance to 46.5-48 Bcfe from previous guidance of 49.7-51.7 Bcfe in part due to hurricanes Gustav and Ike, the company said Thursday.

Radnor, PA-based producer Penn Virginia Corp. cut its full-year 2008 oil and gas production guidance to 46.5-48 Bcfe from previous guidance of 49.7-51.7 Bcfe in part due to hurricanes Gustav and Ike, the company said last week.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney shales, the company said. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney Shales, the company said Thursday. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.

In a $112 million cash transaction, Penn Virginia Corp., headquartered in Radnor, PA, is acquiring Synergy Oil & Gas Inc. of Houston, a privately owned independent. Synergy’s exploration and production is focused along the onshore Texas Gulf Coast and in West Texas, holding about 59.2 Bcfe in total net proved reserves, with 55% in natural gas.

In a $112 million cash transaction, Penn Virginia Corp., headquartered in Radnor, PA, is acquiring Synergy Oil & Gas Inc. of Houston, a privately owned independent. Synergy’s exploration and production is focused along the onshore Texas Gulf Coast and in West Texas, holding about 59.2 Bcfe in total net proved reserves, with 55% in natural gas.