Penn Virginia spends $31.1M to acquire Texas shale holdings

08/13/2010 | Reuters

Penn Virginia has agreed to purchase about 6,800 net acres in the Eagle Ford Shale in Texas for $31.1 million. The assets are estimated to include more than 40 horizontal-well sites. "This acquisition, in a core area of the Eagle Ford Shale, provides us with a high-quality, oily position," said CEO James Dearlove.

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