Penn Virginia Corporation (OTCMKTS:PVAHQ) is an independent energy company focused on the exploration, development and production of onshore oil, natural gas and natural gas liquids in the United States. The company’s operations are concentrated in the Eagle Ford and Northern Delaware basins, where it employs horizontal drilling and advanced completion techniques to optimize hydrocarbon recovery. Through its portfolio of operated and non-operated working interests, Penn Virginia seeks to deliver consistent production growth and operational efficiency.
The company’s asset base includes strategic acreage positions in South Texas and the Permian Basin, supported by midstream arrangements that enable flexibility in gathering, processing and transportation. Penn Virginia leverages in-house technical expertise to manage drilling, completion and production activities, emphasizing cost control and capital discipline. Its field operations utilize real-time data monitoring and best-in-class safety protocols to drive performance and reduce environmental impact.
Tracing its roots to 1882 in the Kanawha River region of West Virginia, Penn Virginia has undergone multiple corporate transformations, including a spin-off from Pennzoil in the mid-1960s and a series of acquisitions to build its current portfolio. In 2020, the company completed a court-supervised restructuring to simplify its capital structure and strengthen its financial position, emerging with a streamlined organizational framework and a clear focus on high-return shale opportunities.
Headquartered in Radnor, Pennsylvania, Penn Virginia is led by President and CEO Robert C. Hendricks, whose extensive industry and financial background supports the company’s strategic goals. The executive team and board of directors bring deep operational, engineering and commercial expertise, guiding Penn Virginia’s commitment to health, safety and environmental stewardship while fostering constructive engagement with local communities and stakeholders.
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