investor-relations
Investor Relations

Overview

Penn Virginia is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various onshore regions, including South Texas, and the Mid-Continent. Our corporate headquarters is located in Radnor, Pennsylvania, with our operational headquarters in Houston, Texas.

As of December 31, 2014, pro forma to exclude assets in East Texas which were sold in August 2015, we had proved oil and gas reserves of approximately 101.0 million barrels of oil equivalent (MMBOE), of which 67% were oil, 17% were NGLs and 34% were proved developed. In the Eagle Ford Shale as of December 31, 2014, we had approximately 94.1 MMBOE of proved reserves.

In the third quarter of 2015, we produced 1.9 MMBOE, or 20,976 BOEPD, 63% of which was oil, 17% of which was NGLs and 20% of which was natural gas.  We expect to produce approximately 16,200 to 18,100 BOEPD in the fourth quarter of 2015.

Our operations include both conventional and unconventional developmental drilling opportunities, as well as some exploratory prospects. We believe our emerging presence in several key plays positions us for meaningful growth over the next several years.