October 23, 2016 10:26 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Penn Virginia Corporation

Company Overview

Penn Virginia Corporation, an independent oil and gas company, engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company primarily operates wells in the Eagle Ford Shale field in South Texas. It also has operations in the Granite Wash in Oklahoma. As of December 31, 2015, the company had proved reserves of approximately 44 million barrels of oil equivalent; and 432 gross productive wells, as well as owned approximately 166,000 gross acres of leasehold and royalty interests. Penn Virginia Corporation was founded in 1882 and is headquartered in Radnor, Pennsylvania.

Four Radnor Corporate Center

Suite 200

100 Matsonford Road

Radnor, PA 19087

United States

Founded in 1882

112 Employees





Key Executives for Penn Virginia Corporation

Interim Principal Executive Officer, Chief Operations Officer and Executive Vice President
Age: 54
Chief Financial Officer, Senior Vice President and Treasurer
Age: 49
Chief Restructuring Officer
Age: 43
Vice President of Corporate Development
Age: 49
Vice President and Controller
Compensation as of Fiscal Year 2016.

Penn Virginia Corporation Key Developments

Penn Virginia Corporation Appoints Jerry R. Schuyler as a Member of the Board of Directors

On October 17, 2016, Jerry R. Schuyler was appointed as a member of the board of directors of Penn Virginia Corporation Mr. Schuyler is currently Chairman of the Board of Gastar Exploration Inc. He served as Executive Vice President, Chief Operating Officer and Director of Laredo Petroleum Inc. beginning in June 2007, was promoted to President and Chief Operating Officer in July 2008 and retired in July 2013. Mr. Schuyler served as an independent director for Yates Petroleum Corporation from December 2015 until the sale of the company in October 2016; independent director for Rosetta Resources Inc. from December 2013 until the company was sold in July 2015 and independent director for Gulf Coast Energy Resources, LLC from 2010 until the sale of the company in April 2015.

Penn Virginia Corporation Announces Resignation of Nancy M. Snyder as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary

On October 9, 2016, Nancy M. Snyder resigned as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary of Penn Virginia Corporation.

Penn Virginia Corporation Announces Auditor Changes

On September 13, 2016, Penn Virginia Corporation engaged Grant Thornton LLP as the company’s new independent registered public accounting firm to audit the company’s financial statements for the fiscal year ending December 31, 2016, and dismissed KPMG LLP as the company’s independent registered accounting firm. The decision to change the company’s independent registered accounting firm from KPMG to Grant Thornton was approved by the Audit Committee of the Board of Directors of the company.

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Recent Private Companies Transactions

May 12, 2016

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