Saturday, January 4, 2025

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

MicroSeismic among Innovators at EnerCom’s Oilfield Tech & Innovation Day

When one thinks of a seismic company in oil and gas, you might envision macro-seismic, the seismic operations that encompass entire geologic formations to create 3D profiles of an entire reservoir. MicroSeismic Inc., however, is on the other end of the spectrum—evaluating stimulated rock on a well-to-well basis. The core of its business is to analyze the quality and characteristics