Penn Virginia (ticker: PVAC) kicked off a new year of oil & gas A&D transactions today, buying acreage in the Eagle Ford. Penn Virginia will acquire assets in Gonzales and Lavaca counties from Hunt Oil Company for $86 million in cash. The acquisition will close on or before March 1, 2018 with an effective date of October 1, 2017. Acquisition
Penn Virginia Eagle Ford acquisition puts drill bit on contiguous acreage for extended reach laterals Penn Virginia Corporation (ticker: PVAC) closed its previously announced acquisition of Eagle Ford assets located primarily in Lavaca County, Texas on September 29, 2017. Penn Virginia bought the assets from Devon Energy Corporation (ticker: DVN) for $205 million in cash, subject to customary post-closing adjustment to
Four presenters at EnerCom’s 22nd The Oil & Gas Conference® announced earnings and operational updates for Q2. Northern Oil and Gas Northern Oil and Gas (ticker: NOG) said that its average production had grown 4% from the first quarter to the second, up to 13,794 BOEPD. The company produced a total of 1,255,280 BOE over the course of the quarter.
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