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Penn Virginia Details 2014 Financial Guidance, Full-year 2013 Financial Results

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February 21, 2014

Penn Virginia Corp. (NYSE: PVA) detailed its 2014 financial guidance and its full-year 2013 financial results on Feb. 19.

This year’s projected capex budget is between $575- $640 million, the company said, noting that the percent increase over 2013 is between 13% and 25%. The capex budget is over its preliminary guidance range of $510-$540 million, the company added.

Higher drilling and completion capex costs—a $40-$45 million increase—drove the 2014 capex budget out of the preliminary guidance range, the company added. Additional, higher capex costs of $16-$44 million in lease ...


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