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Penn Virginia Corp Issues FY 2013 Production Guidance

Wednesday, 20 Feb 2013 04:03pm EST 

Penn Virginia Corp announced that for fiscal 2013, it expects production to be approximately 5.7 to 6.2 MMBOE (34.0 to 37.0 billion cubic feet of natural gas equivalent), or approximately 15,500 to 16,900 BOEPD, compared to 2012 production of approximately 5.8 MMBOE, or 15,776 BOEPD, pro forma to exclude 0.7 MMBOE of production in 2012 from divested Appalachian assets. Crude oil production is expected to increase by 23% to 37% over fiscal 2012 levels (a 12 to 24 percent increase in crude oil and NGLs combined). Crude oil and NGLs are expected to comprise approximately 60% to 65% of total production, compared to 48% during fiscal 2012. 

Company Quote

0.4 +5.13%
4:00pm EDT