Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations

v3.7.0.1
Nature of Operations
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Nature of Operations
Nature of Operations
Penn Virginia Corporation (together with its consolidated subsidiaries, unless the context otherwise requires, “Penn Virginia,” the “Company,” “we,” “us” or “our”) is an independent oil and gas company engaged in the onshore exploration, development and production of oil, natural gas liquids (“NGLs”) and natural gas. Our current operations consist primarily of drilling unconventional horizontal development wells and operating our producing wells in the Eagle Ford Shale (the “Eagle Ford”) in South Texas. Our operations are substantially concentrated with over 90 percent of our production, revenues and capital expenditures attributable to this region. We also have less significant operations in Oklahoma, primarily consisting of non-operated properties in the Granite Wash. In August 2016, we terminated our remaining operations in the Marcellus Shale in Pennsylvania and recently completed remediation activities at the sites of our former wells in that region. We are currently awaiting releases from state environmental authorities to finalize our exit activities.