Penn Virginia Buys Devon’s Northern Eagle Ford Assets for $205 Million
Increases Penn Virginia production by 30% Penn Virginia (ticker: PVAC) today announced the purchase of Eagle Ford assets from Devon Energy (ticker: DVN) for $205 million. In total, Penn Virginia will purchase about 19,600 net acres in Lavaca County, Texas from Devon. The majority of the properties are contiguous with Penn Virginia’s existing acreage. According to Penn Virginia, these properties