Penn Virginia Corp. (PVA) Posts Q2 Loss of 7c/Share
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Penn Virginia Corporation Announces Second Quarter 2014 Results
July 30, 2014 4:10 PM UTCRADNOR, Pa., July 30, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE: PVA) today reported financial results for the three months ended June 30, 2014 and provided updates of its operations, 2014 guidance and 2015 preliminary guidance.
Key Highlights
Second quarter production from Eagle Ford Shale operations increased six percent to 15,618 barrels of oil equivalent per day (BOEPD) compared to 14,761 BOEPD in the prior quarter. Since our last quarterly report, our operated Eagle Ford wells had an average initial potential (IP) of 1,514 BOEPD (excluding shallow wells), including one well with an IP of 3,175 BOEPD. Our Upper... More