Operations

Penn Virginia Corporation is an independent oil and gas company engaged in the exploration, development, and production of oil, NGLs and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in South Texas.

Mid-Continent Assets

As of December 31, 2014, we had approximately 9,800 net acres in Oklahoma where we are primarily producing from Granite Wash horizontal wells. We operate approximately one-third of the currently producing wells. We estimate as of year-end 2014 that we had 6.9 MMBOE of proved reserves in the Mid-Continent, 51% of which were NGLs and oil, 49% of which was natural gas and 95% being proved developed. We also have operations in the Granite Wash in the Mid-Continent.