Radnor

Industry Briefs

Penn Virginia Resource Partners LP has agreed to buy general partner Penn Virginia GP Holdings LP in a stock transaction valued at about $954.5 million. Radnor, PA-based Penn Virginia Resource, a master limited partnership (MLP), manages natural gas gathering and processing businesses. Penn Virginia GP is controlled by onshore producer Penn Virginia Corp., which owns a 37.6% stake and all of the incentive distribution rights (IDR). The transaction would cancel Penn Virginia GP’s IDRs, which gave it an increasing share of the distributable cash flow that it generated.

September 27, 2010

Penn Virginia Partnerships to Streamline Operations

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.

September 22, 2010

Penn Virginia Positions Itself as Pure-Play E&P Company

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).

June 14, 2010

Penn Virginia Positions Itself as Pure-Play E&P Company

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).

June 10, 2010

Hurricanes Contribute to Production Cut by Penn Virginia

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.

October 6, 2008

Hurricanes Contribute to Production Cut by Penn Virginia

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.

October 6, 2008

Penn Virginia Continues Arkoma Basin Land Grab, Builds Reserves

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.

September 3, 2007

Penn Virginia Continues Arkoma Basin Land Grab, Builds Reserves

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.

August 31, 2007

Penn Virginia Acquires Private Texas Reserves

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.

June 25, 2001

Penn Virginia Acquires Private Texas Reserves

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.

June 22, 2001
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