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Penn Virginia Corp closes sale of Eagle Ford shale natural gas midstream assets to American Midstream Partners LP


Monday, 3 Feb 2014 08:00am EST 

Penn Virginia Corp:Closes the previously announced sale of substantially all of its Eagle Ford Shale natural gas midstream assets to American Midstream Partners, LP.The gross cash proceeds of the sale were $100 million.Net of its partners' interests in the gross proceeds from this sale, PVA intends to use the proceeds of about $94 million to help fund its 2014 capital expenditures plan.Acquest Advisors LLC, served as PVA's financial advisor in connection with the sale transaction. 

Company Quote

18.25
0.43 +2.41%
22 May 2015