Penn Virginia Corporation
Penn Virginia Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. It primarily operates wells in the Eagle Ford Shale field in South Texas. As of December 31, 2020, it had total proved reserves of approximately 126 million barrels of oil equivalent; and 532 gross productive wells, as well as owned approximately 98,300 gross acres of leasehold and royalty interests. Penn Virginia Corporation was incorporated in 1882 and is headquartered in Houston, Texas.
IPO Year: n/a
Exchange: NASDAQ
Website: pennvirginia.com
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Penn Virginia Corporation Press Releases
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Ranger Oil's Borrowing Base Increased by 20%
Company Repurchases Approximately 463,000 Shares As Balance Sheet Continues To StrengthenHOUSTON, TX / ACCESSWIRE / June 2, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400 million. This is the second announced increase this year for a total of approximately 45%.Darrin Henke, President and CEO said, "Ranger sits in an enviable position today with a strong capital structure, deep inventory of high-return opportunities, significant free cash flow and ample liquidity to execute our business plan throu
S&P Global Ratings Upgrades Ranger Oil
HOUSTON, TX / ACCESSWIRE / May 27, 2022 / Ranger Oil Corporation (NASDAQ:ROCC) (the "Company") today announced that S&P Global Ratings upgraded its issuer credit rating on the Company to ‘B' with a stable outlook and moved the debt rating of its senior unsecured debt to ‘B+'.Darrin Henke, President and CEO said, "It's great to see our hard work to strengthen our capital structure and liquidity being recognized by our rating agencies. Our future is bright as we have a strong balance sheet, a deep inventory of high-return opportunities, significant free cash flow and a clear framework to return cash to our shareholders."About Ranger Oil CorporationRanger Oil Corporation is a pure-play independ
Ranger Oil Provides Third Quarter 2021 and Rebranding Update
-- Expects Significant Free Cash Flow Generation -- -- Officially Changes Name to Ranger Oil Corporation – -- Begins Trading Under NASDAQ Ticker of ROCC; Will Ring Closing Bell on October 18 -- HOUSTON, Oct. 17, 2021 (GLOBE NEWSWIRE) -- Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced an operational update and the timing of its third quarter 2021 earnings release and conference call. Separately, the Company has been renamed "Ranger Oil Corporation". Ranger will begin trading on the NASDAQ under the stock ticker of "ROCC" as of market open on Monday, October 18, 2021. Preliminary Third Quarter 2021 Operational and Financial Update The operational and finan
Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation
-- Provides Updated Plans for Combined Company ---- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced it closed the acquisition of Lonestar Resources US Inc. ("Lonestar") and plans to rename the combined company Ranger Oil Corporation ("Ranger", "Ranger Oil" or "the Company"). The Company also announced plans for future operational activity, changes to the composition of its Board of Directors, and a reset of certain Lonestar hedges. The Company maintains focus on maximizing operational and capital efficiency, generating superior retur
Penn Virginia Announces Participation in Upcoming Conference
HOUSTON, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its participation in an upcoming investor conference. Darrin Henke, President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference on September 10, 2021 at 9:45 am ET. The Company's management will participate in meetings immediately following this presentation. A link to the presentation slides will be available on the Company's website at www.pennvirginia.com. About Penn Virginia Corporation Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of o
Penn Virginia Announces Increased Borrowing Base
HOUSTON, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced an increase to the Company's borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination. Upon closing of the merger with Lonestar Resources US Inc. ("Lonestar") and subject to the terms of the amendment, Penn Virginia's borrowing base under its revolving credit facility will increase to $600 million with aggregate elected commitments of $400 million. The Lonestar merger is expected to close in the second half of 2021. Darrin Henke, President and Chief Executive Officer of Penn Virginia commented, "Penn Virgi
Penn Virginia Announces Participation in Upcoming Conference
HOUSTON, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its participation in an upcoming investor conference. The Company's management will attend and participate in meetings at EnerCom's The Oil and Gas Conference in Denver on August 16-17, 2021. A link to the presentation slides will also be available on the Company's website at www.pennvirginia.com. About Penn Virginia Corporation Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas. For more information, ple
Penn Virginia Reports Second Quarter 2021 Results
--- Exceeds High End of Oil Sales Volume Guidance on Reduced Per Well Capital Expenditures ------ Recently Announced All-Stock Acquisition of Lonestar Resources Expected to be Accretive Across Key Metrics, Including Free Cash Flow Generation --- HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its financial and operational results for the second quarter 2021. Recent Significant Highlights After raising oil guidance in the first quarter of 2021, the Company again exceeded the high end of oil sales guidance, with 20,117 barrels of oil per day ("bbl/d") for the second quarter of 2021. Total sales volumes
Penn Virginia Announces Pricing of $400 Million Offering of Senior Unsecured Notes
HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia") (NASDAQ:PVAC) today announced that its indirect, wholly owned subsidiary Penn Virginia Escrow LLC (the "Escrow Issuer") has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2026 (the "Notes"). The Notes will initially be sold at 99.018% of par. The gross proceeds of the offering and other funds will initially be deposited in an escrow account pending satisfaction of certain conditions, including the expected consummation of Penn Virginia's merger (the "Lonestar Merger") with Lonestar Resources US Inc. ("Lonestar") on or prior to November 26, 2021. Upon s
Penn Virginia Announces Proposed $400 Million Offering of Senior Unsecured Notes
HOUSTON, July 26, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia") (NASDAQ:PVAC) today announced that, subject to market conditions and other factors, its indirect, wholly owned subsidiary Penn Virginia Escrow LLC (the "Escrow Issuer") intends to offer $400 million aggregate principal amount of senior unsecured notes due 2026 (the "Notes"). The gross proceeds of the offering and other funds will initially be deposited in an escrow account pending satisfaction of certain conditions, including the expected consummation of Penn Virginia's merger (the "Lonestar Merger") with Lonestar Resources US Inc. ("Lonestar") on or prior to November 26, 2021. Upon satisfaction of the e
Penn Virginia Corporation Analyst Ratings
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RBC Capital reiterated coverage on Penn Virginia with a new price target
RBC Capital reiterated coverage of Penn Virginia with a rating of Sector Perform and set a new price target of $21.00
Penn Virginia Corporation Insider Trading
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SEC Form 4 filed by Juniper Capital Iii Gp, L.P.
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4 filed by Juniper Capital Ii Gp, L.P.
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4 filed by Geiser Edward
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 3: New insider Burnett Richard Alan claimed ownership of 19,284 shares
3 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4: Henke Darrin J. covered exercise/tax liability with 4,668 units of Common Stock, decreasing direct ownership by 8% to 52,832 units (tax liability)
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4 filed by Penn Virginia Corporation
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4 filed by Geiser Edward
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 3 filed by Kayla Baird
3 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4: Tammy Hinkle was granted 1,950 units of Common Stock and disposed of $23,343 worth of Common Stock (1,742 units at $13.40), increasing direct ownership by 2% to 10,954 units
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
SEC Form 4: Tammy Hinkle disposed of $10,252 worth of Common Stock (634 units at $16.17), decreasing direct ownership by 6% to 10,746 units
4 - PENN VIRGINIA CORP (0000077159) (Issuer)
Penn Virginia Corporation SEC Filings
Penn Virginia Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits
8-K - Ranger Oil Corp (0000077159) (Filer)
Penn Virginia Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
8-K - PENN VIRGINIA CORP (0000077159) (Filer)
Penn Virginia Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sales of Equity Securities, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Leadership Update, Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - PENN VIRGINIA CORP (0000077159) (Filer)
SEC Form EFFECT filed by Penn Virginia Corporation
EFFECT - PENN VIRGINIA CORP (0000077159) (Filer)
SEC Form 424B3 filed by Penn Virginia Corporation
424B3 - PENN VIRGINIA CORP (0000077159) (Filer)
Penn Virginia Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
8-K - PENN VIRGINIA CORP (0000077159) (Filer)
SEC Form S-4 filed by Penn Virginia Corporation
S-4 - PENN VIRGINIA CORP (0000077159) (Filer)
Penn Virginia Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
8-K - PENN VIRGINIA CORP (0000077159) (Filer)
SEC Form EFFECT filed by Penn Virginia Corporation
EFFECT - PENN VIRGINIA CORP (0000077159) (Filer)
SEC Form 424B3 filed by Penn Virginia Corporation
424B3 - PENN VIRGINIA CORP (0000077159) (Filer)
Penn Virginia Corporation Leadership Updates
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Penn Virginia Announces Management Changes
HOUSTON, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. “On behalf of the entire Company, we want to thank Ben for his years of hard work and commitment to Penn Virginia,” said Darrin Henke, President and Chief Executive Officer of Penn Virginia. “He has taken Penn Virginia’s drilling and completion program to the next level and positioned us well for the future. He has been a tremendous asset to Penn Virginia, and we wish him the best in his future endeavors.” Separately, the Company also announced
Penn Virginia Corporation Financials
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Ranger Oil's Borrowing Base Increased by 20%
Company Repurchases Approximately 463,000 Shares As Balance Sheet Continues To StrengthenHOUSTON, TX / ACCESSWIRE / June 2, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400 million. This is the second announced increase this year for a total of approximately 45%.Darrin Henke, President and CEO said, "Ranger sits in an enviable position today with a strong capital structure, deep inventory of high-return opportunities, significant free cash flow and ample liquidity to execute our business plan throu
Ranger Oil Provides Third Quarter 2021 and Rebranding Update
-- Expects Significant Free Cash Flow Generation -- -- Officially Changes Name to Ranger Oil Corporation – -- Begins Trading Under NASDAQ Ticker of ROCC; Will Ring Closing Bell on October 18 -- HOUSTON, Oct. 17, 2021 (GLOBE NEWSWIRE) -- Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced an operational update and the timing of its third quarter 2021 earnings release and conference call. Separately, the Company has been renamed "Ranger Oil Corporation". Ranger will begin trading on the NASDAQ under the stock ticker of "ROCC" as of market open on Monday, October 18, 2021. Preliminary Third Quarter 2021 Operational and Financial Update The operational and finan
Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation
-- Provides Updated Plans for Combined Company ---- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced it closed the acquisition of Lonestar Resources US Inc. ("Lonestar") and plans to rename the combined company Ranger Oil Corporation ("Ranger", "Ranger Oil" or "the Company"). The Company also announced plans for future operational activity, changes to the composition of its Board of Directors, and a reset of certain Lonestar hedges. The Company maintains focus on maximizing operational and capital efficiency, generating superior retur
Penn Virginia Reports Second Quarter 2021 Results
--- Exceeds High End of Oil Sales Volume Guidance on Reduced Per Well Capital Expenditures ------ Recently Announced All-Stock Acquisition of Lonestar Resources Expected to be Accretive Across Key Metrics, Including Free Cash Flow Generation --- HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its financial and operational results for the second quarter 2021. Recent Significant Highlights After raising oil guidance in the first quarter of 2021, the Company again exceeded the high end of oil sales guidance, with 20,117 barrels of oil per day ("bbl/d") for the second quarter of 2021. Total sales volumes
Penn Virginia Provides Operational Update
--- Exceeds High-End of Oil Sales Volume Guidance for the Second Quarter of 2021 ------ Reduces Per Well Capital Expenditures --- HOUSTON, July 26, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced an operational update and timing of its second quarter 2021 earnings release and conference call. Preliminary Operational and Financial Update As previously announced, Penn Virginia entered into an agreement to acquire Lonestar Resources US Inc. ("Lonestar") in an all-stock transaction. The transaction is expected to materially increase Penn Virginia's Free Cash Flow, production, and drilling inventory and is accretive to all k
Penn Virginia Reports First Quarter 2021 Results
HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its financial and operational results for the first quarter 2021. Recent Significant Highlights Sold 16,324 barrels of oil per day ("bbl/d") for the first quarter of 2021, exceeding the high end of the first quarter guidance range. Total sales volumes for the first quarter of 2021 were 20,534 barrels of oil equivalent per day ("boe/d"). Total production for the seven days ending March 31, 2021, averaged over 20,000 bbl/d and 25,000 boe/d;Generated net loss of $20 million (including a non-cash loss on derivatives of $27 million) and net loss attributable to
Penn Virginia Reports Fourth Quarter and Full-Year 2020 Results
HOUSTON, March 08, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced its financial and operational results for the fourth quarter and full-year 2020 and 2021 outlook. Significant Highlights Generated net cash provided by operating activities of $32 million for the fourth quarter of 2020. For the full-year 2020, the Company generated net cash provided by operating activities of $222 million;Recorded approximately $3 million of free cash flow ("FCF")(1) for the fourth quarter of 2020, including the impact of prepaid and early payments of approximately $21 million of capital expenditures, which locked in lower service costs
Penn Virginia Corporation Large Ownership Changes
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SEC Form SC 13G/A filed
SC 13G/A - PENN VIRGINIA CORP (0000077159) (Subject)
SEC Form SC 13G/A filed
SC 13G/A - PENN VIRGINIA CORP (0000077159) (Subject)
SEC Form SC 13G/A filed
SC 13G/A - PENN VIRGINIA CORP (0000077159) (Subject)