Penn Virginia Corp.

Penn Virginia today announced that Baird Whitehead, President and Chief Executive Officer, has retired as an officer of the Company. Mr. Whitehead had previously indicated his intention to retire this year. Edward B. Cloues, II, who has served as the Company's Chairman of the Board since May 2011 and a director since 2001, will assume the [...]

Penn Virginia today announced that it will release its third quarter 2015 results after the market closes on Monday, November 9, 2015, and hold a conference call / webcast on Tuesday, November 10, 2015, at 10:00 a.m. ET. The full text of the third quarter earnings release and a link to the webcast will be available at PVA's website and through [...]

Penn Virginia today announced that it has sold certain non-core South Texas assets to an undisclosed buyer for gross cash proceeds of $13 million. The divested properties are located in far southwest Gonzales County, Texas, a significant distance away from our main acreage block, and include three producing wells with September 2015 net production [...]

Penn Virginia announced today that, given the current commodity price environment, the need to preserve liquidity and the resulting reduction in capital available to invest in its high-quality assets, it has suspended the quarterly dividends on its 6.00% Series A convertible preferred stock (Series A) and its 6.00% Series B convertible preferred [...]

Penn Virginia disclosed that it has received notice from the New York Stock Exchange (NYSE) that the average closing price of its common stock for the last 30 consecutive trading days was less than $1.00 per share, which is below the price required by NYSE's continued listing standards. Under NYSE rules, the Company will regain compliance if, on [...]

Penn Virginia today announced that it has closed the previously announced sale of its East Texas assets. The net cash proceeds from the sale were approximately $74 million, including customary closing adjustments. Pro forma for the East Texas divestiture, at June 30, 2015, our total debt ratio and credit exposure ratio, defined as all outstanding [...]

Penn Virginia today announced that it has engaged Jefferies LLC to provide financial advice generally and to act as its exclusive financial advisor in connection with asset-level financing transactions with investors related to the Company's Eagle Ford assets. As part of its general advisory services, Jefferies will also help the Company evaluate [...]

Penn Virginia today reported financial results for the three months ended June 30, 2015 and provided updates of its operations and 2015 capital plan and guidance. Key Highlights Second quarter 2015 results compared, as applicable, to first quarter 2015 results were as follows: Product revenues increased to $118.0 million from $110.6 million [...]

RADNOR, Pa., July 20, 2015 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that H. Baird Whitehead has informed the Board of Directors of his plan to retire as President and Chief Executive Officer after more than 14 years of service, including four years in his current position. The Board of Directors has formed a committee to [...]

RADNOR, Pa., July 15, 2015 (GLOBE NEWSWIRE) -- Penn Virginia Corp. (NYSE:PVA) today announced that it has entered into an agreement to sell its East Texas assets to an undisclosed buyer for gross cash proceeds of $75 million. The sale is expected to close by the end of August 2015 and is subject to customary purchase price adjustments and other [...]