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Penn Virginia To Seek Working Interest Partner In Eagle Ford Acreage

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December 18, 2012

Penn Virginia Corp. (NYSE: PVA) is seeking a partner to acquire 40% working interest in its Lavaca County Eagle Ford Shale acreage.

Penn Virginia’s current partner has elected to go non-consent on the last 17 initial unit wells drilled or expected to drill on the acreage. As a result, the company’s net Eagle Ford Shale acreage in Lavaca County will increase from 9,200 acres to 13,400 acres upon the drilling of all of these initial unit wells.

Of these 17 initial unit wells, seven have been drilled, two are being ...

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